Kearny Financial Corp (NASDAQ: KRNY) has reported a loss for its fourth fiscal quarter (ending June 30) of $-1.45 versus $0.19 for the same period a year ago — a decline of -863%. Relative to the consensus estimate of $0.09, this was a shortfall of $-1.54. For the latest four quarters through June 30, E.P.S. were $-1.39 compared to $0.63 a year ago — a decline of -321%.
Recent Price Action
Kearny Financial Corp (NASDAQ: KRNY) stock closed at $7.08 on 7/25/24 after a slight decline of -0.7%. Moreover, this decline was accompanied by above average trading volume at 126% of normal. The stock has risen 0.9% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, KRNY is expected to continue to be Value Creation neutral.
Kearny Financial has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Kearny Financial has a good Appreciation Score of 72 but a poor Power Rating of 20, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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