For its second fiscal quarter (ending June 30), New York Community Bancorp Inc. (NYSE: NYCB) has reported a -169% decline in E.P.S. from $0.55 a year ago to $-0.38 in the current quarter. This result fell short of the consensus estimate of $-0.14 by $-0.24. For the latest four quarters through June 30, E.P.S. were $-4.32 versus $3.98 for the same period a year ago — a decline of -209%.
Recent Price Action
New York Community Bancorp Inc. (NYSE: NYCB) stock declined by -3.0% on 7/25/24. The shares closed at $10.61. Moreover, this decline was accompanied by exceptionally high trading volume at 284% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -7.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NYCB is expected to continue to be a modest Value Builder.
New York Community Bancorp has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Community Bancorp has a good Appreciation Score of 84 but a very low Power Rating of 0, leading to the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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