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BCB Bancorp (BCBP) Q3 Earnings and Revenues Surpass Estimates
BCBPBCB Bancorp(BCBP) ZACKS·2024-10-18 14:41

Company Performance - BCB Bancorp reported quarterly earnings of 0.36pershare,exceedingtheZacksConsensusEstimateof0.36 per share, exceeding the Zacks Consensus Estimate of 0.32 per share, but down from 0.39pershareayearago,representinganearningssurpriseof12.500.39 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of 26.17 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.49%, but down from 27.09millionyear−over−year[1]−Overthelastfourquarters,BCBBancorphassurpassedconsensusEPSestimatesonlyonceandhastoppedconsensusrevenueestimatesjustonce[1]FutureOutlook−Thestock′simmediatepricemovementwilllargelydependonmanagement′scommentaryduringtheearningscallandthecompany′searningsoutlook[2][3]−ThecurrentconsensusEPSestimatefortheupcomingquarteris27.09 million year-over-year [1] - Over the last four quarters, BCB Bancorp has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [1] Future Outlook - The stock's immediate price movement will largely depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the upcoming quarter is 0.34 on revenues of 25.39million,andforthecurrentfiscalyear,itis25.39 million, and for the current fiscal year, it is 1.32 on revenues of 101.44million[4]−TheestimaterevisionstrendforBCBBancorpiscurrentlyfavorable,resultinginaZacksRank2(Buy),indicatingexpectedoutperformanceinthenearfuture[4]IndustryContext−TheBanks−Northeastindustry,towhichBCBBancorpbelongs,iscurrentlyinthetop38101.44 million [4] - The estimate revisions trend for BCB Bancorp is currently favorable, resulting in a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [4] Industry Context - The Banks - Northeast industry, to which BCB Bancorp belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, Carter Bankshares, Inc., is expected to report quarterly earnings of 0.23 per share, reflecting a year-over-year increase of 15%, although its consensus EPS estimate has been revised 7.1% lower recently [5]