For its first fiscal quarter (ending September 30), Kearny Financial Corp (NASDAQ: KRNY) has reported a -38% decline in E.P.S. from $0.16 a year ago to $0.10 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-1.45 versus $0.54 for the same period a year ago — a decline of -369%.
Recent Price Action
Kearny Financial Corp (NASDAQ: KRNY) stock declined by -2.8% on 10/24/24. The shares closed at $7.03. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -5.9% during the last week.
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 A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Kearny Financial has a slightly positive Power Rating of 68 and a very high Appreciation Score of 88, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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