Provident New York Bancorp Earnings: Your Sneak Peek to the Big Announcement

Provident New York Bancorp (NASDAQ:PBNY) will report earnings after markets close on Monday, April 22nd. Provident New York Bancorp is the holding company for Provident Bank. The Bank offers financial services to individuals, families, and businesses, primarily in Rockland and Orange counties, New York. Provident Bank offers savings and demand deposits to individuals and business customers and uses those deposits to originate loans.

Here is your Cheat Sheet to Provident New York Bancorp Earnings:

Earnings Expectations: Analysts expect earnings of $0.14 per share on revenues of $27.62 million. Currently, the company’s P/E ratio stands at 16.54.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.16 to a profit $0.15. For the current year, the average estimate is a profit of $0.59, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Provident New York Bancorp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 170.02 171.54 146.98 142.56 147.19
Diluted EPS ($) 0.61 0.67 0.54 0.31 0.52

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 35.34 36.38 36.32 39.14 40.80
Diluted EPS ($) 0.15 0.15 0.17 0.05 0.16

Past Performance:
Provident New York Bancorp has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]