Hudson City Bancorp Inc. Fourth Quarter Earnings Approaching

S&P 500 (NYSE:SPY) component Hudson City Bancorp, Inc. (NASDAQ:HCBK) will unveil its latest earnings on Wednesday, January 25, 2012. Hudson City Bancorp is a holding company for Hudson City Savings Bank, which is a retail savings bank offering traditional deposit products, consumer loans and residential real estate mortgage loans.

Hudson City Bancorp, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 74 cents per share, a swing from profit of 25 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 18 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 67 cents during the last month. Analysts are projecting a loss of $1.51 per share versus net income of $1.09 last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 17 cents per share versus a mean estimate of net income of 18 cents per share. In the second quarter, the company beat estimates by one cent.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a decline of 9.2% in revenue from the year-earlier quarter to $228.6 million.

Analyst Ratings: Analysts seem relatively indifferent about Hudson City Bancorp with 12 of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 32.4% to $84.2 million (17 cents a share) from $124.6 million (25 cents a share) the year earlier, missing analyst expectations. Revenue fell 27% to $527.6 million from $722.7 million.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 26% in the second quarter from the year earlier, dropped 5.9% in first quarter from the year-ago quarter and 5.7% in the fourth quarter of the last fiscal year.

Competitors to Watch: New York Community Bancorp, Inc. (NYSE:NYB), Kearny Financial Corp. (NASDAQ:KRNY), OceanFirst Financial Corp. (NASDAQ:OCFC), Ocean Shore Holding Co. (NASDAQ:OSHC), Northwest Bancshares, Inc. (NASDAQ:NWBI), Provident New York Bancorp (NASDAQ:PBNY), Oritani Financial Corp. (NASDAQ:ORIT), Magyar Bancorp, Inc. (NASDAQ:MGYR), and Roma Financial Corporation (NASDAQ:ROMA).

Stock Price Performance: During November 18, 2011 to January 19, 2012, the stock price had risen $1.34 (24.5%) from $5.48 to $6.82. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 4.1% (+43 cents) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 19.2% (-$1.55) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?