Monday, September 27, 2021

Provident Financial Holdings Inc. [PROV]: What to Expect when It Reports Earnings

Earnings from Provident Financial Holdings Inc. [PROV] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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PROV Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.17 per share on revenue of $9.05M. Taking a look at the future, the company is projected to report revenue of $9.15M at an earnings per share of $0.18 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.40% in revenue and 24.68% in earnings per share for the company.

PROV Stock Earnings Forecast For The Current Year


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For the full financial year, Provident Financial Holdings Inc. [NASDAQ:PROV] is forecasted to generate revenue of $36.1M. The figure is about $-4.82 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.77 in 2021, which is -$0.24 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -23.80% this year, 24.70% next year, and -13.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -11.80% in current fiscal year and 4.40% over following year.

PROV Stock Price Performance

At the close of Monday’s session, Provident Financial Holdings Inc. [NASDAQ:PROV] finished down -0.78% at $16.47. The stock’s highest single-day price was $16.76, and its lowest was $16.36. Its price fall -2.08% in the last five days. Since the beginning of the year, Provident Financial Holdings Inc.’s shares are up nearly 4.84%. However, the share price is -9.65% below its one year high. The top price reached by the shares of the company was $18.23 on 03/22/21, while the 52-week low came on 01/04/21, when the shares were $14.79. In the past year, shares of the company have risen 28.97%. At 50 days, the moving average achieved is $16.71 while at 200 days, the moving average is $14.51. There were 10756.0 shares traded in the last session, down from 11000.0 in the previous session.

Provident Financial Holdings Inc. [NASDAQ:PROV] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 22.91, Provident Financial Holdings Inc. [PROV] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 13.09 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.18 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.74 for the industry, which means PROV offers an unattractive investment opportunity than its competitors do.

PROV Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 16.47 level, and the violation of this level will cause a further drop to 16.30 level. At the upper end, 17.10 remains a key resistance. As the stock increases, it may find resistance at 16.93. In the 14-day chart, the Relative Strength Index standing at 40.33 suggests a technical neutral stance while the MACD standing at -0.24 indicates price will decrease in the next trading period. Stochastic %K at 6.70% suggests buying the stock while Percent R indicator at 87.21% suggests bearish price movement.

How much is the short interest in Provident Financial Holdings Inc.?

There have been a drop in short interest in the Provident Financial Holdings Inc. Financial stock, with short interest up by 43890.0 shares to 67240.0 shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 0.11 million shares. This -65.27% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.86% of the overall float in the stock, while the stock’s days to cover moved to 4.92.

How do analysts view Provident Financial Holdings Inc.?

In regard to the share price forecast for Provident Financial Holdings Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $17.50 in the next twelve months, representing almost an 5.89% growth from its recent price of $16.47. Among Provident Financial Holdings Inc. stock projections, $18.00 is the highest analyst target for the stock, while $16.00 is the lowest. Despite this, 3 analysts who share their consensus rating for PROV in 2021 agree that the stock is a Hold. The latest rating change took place on 1/29/21, when Janney Capital Ratings downgraded the stock from “Buy” to “Neutral.”

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