Hudson City Bancorp, Inc. Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component Hudson City Bancorp, Inc. (NASDAQ:HCBK) will unveil its latest earnings on Wednesday, October 26, 2011. 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 income of 18 cents per share, a decline of 28% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 19 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting net loss of 57 cents per share versus profit of $1.09 last year.

Past Earnings Performance: Last quarter, the company reported net income of 19 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $263.6 million in revenue this quarter, a decline of 9.2% from the year ago quarter. Analysts are forecasting total revenue of $1.06 billion for the year, a decline of 10.9% from last year’s revenue of $1.19 billion.

Analyst Ratings: Analysts seem relatively indifferent about Hudson City Bancorp with 13 of 14 analysts surveyed maintaining a hold rating. A Look Back: In the second quarter, profit fell 32.7% to $96 million (19 cents a share) from $142.6 million (29 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 26% to $555.5 million from $750.8 million.

Key Stats: Revenue has fallen in the past four quarters. Revenue declined 5.9% in the first quarter from the year earlier, dropped 5.7% in fourth quarter of the last fiscal year from the year-ago quarter and 3.2% in the third 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 July 29, 2011 to October 24, 2011, the stock price had fallen $2.01 (-24.6%) from $8.17 to $6.16. 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 19.3% (-$1.58) over that span. Shares are down $6.17 (-50%) year to date.

(Source: Xignite Financials)

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