Northeast Community Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary

• Northeast Community Bancorp Inc NECB.OQ reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 86 cents. The lone analyst forecast for the quarter was for earnings of 77 cents per share.

• Revenue fell 0.2% to $25.50 million from a year ago; analysts expected $25.48 million.

• Northeast Community Bancorp Inc's reported EPS for the quarter was 78 cents​.

• The company reported quarterly net income of $10.57 million.

• Northeast Community Bancorp Inc shares had fallen by 7.1% this quarter and lost 11.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for Northeast Community Bancorp Inc is $27.00

This summary was machine generated from LSEG data April 23 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)