For its third fiscal quarter (ending March 31), Provident Financial Holdings Inc (NASDAQ: PROV) has reported a -33% decline in E.P.S. from $0.33 a year ago to $0.22 in the current quarter. This performance was $-0.15 short of the consensus estimate of $0.37. E.P.S. were $1.03 for the latest four quarters through March 31 versus $1.28 for the same period a year ago — a decline of -20%.
Recent Price Action
On 4/29/24, Provident Financial Holdings Inc (NASDAQ: PROV) stock declined by -4.0%, closing at $12.38. Moreover, this decline was accompanied by exceptionally high trading volume at 402% of normal. The stock has performed in line with the market over the last nine months and has declined -7.5% during the last week.
Current PriceTarget Research Rating
PROV is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Provident Financial Holdings has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Provident Financial Holdings has a slightly positive Power Rating of 61 and a good Appreciation Score of 74, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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