Earnings Outlook For New York Community Banc

New York Community Banc (NYSE:NYCB) is set to give its latest quarterly earnings report on Tuesday, 2023-01-31. Here's what investors need to know before the announcement.

Analysts estimate that New York Community Banc will report an earnings per share (EPS) of $0.26.

New York Community Banc bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.01, which was followed by a 0.92% increase in the share price the next day.

Here's a look at New York Community Banc's past performance and the resulting price change:

Stock Performance

Shares of New York Community Banc were trading at $9.88 as of January 27. Over the last 52-week period, shares are down 17.35%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for New York Community Banc visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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