Published on 27 Jul 2023 on Zacks via Yahoo Finance
Valley National (VLY) Q2 Earnings and Revenues Miss Estimates
Valley National (VLY) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this holding company for Valley National Bank would post earnings of $0.33 per share when it actually produced earnings of $0.30, delivering a surprise of -9.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.