For the quarter ended December 2023, Central Valley Community Bancorp (CVCY) reported revenue of $22.38 million, down 2.5% over the same period last year. EPS came in at $0.50, compared to $0.65 in the year-ago quarter.
The reported revenue represents a surprise of +2.37% over the Zacks Consensus Estimate of $21.86 million. With the consensus EPS estimate being $0.52, the EPS surprise was -3.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Central Valley Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3.5% versus the three-analyst average estimate of 3.5%.
- Efficiency Ratio: 65% versus the three-analyst average estimate of 60%.
- Average Interest-Earning Assets: $2.31 billion versus the two-analyst average estimate of $2.33 billion.
- Net Charge-Offs (% of Average Loans): -0.1% versus the two-analyst average estimate of 0.1%.
- Total Non Interest Income: $2.27 million versus $1.61 million estimated by three analysts on average.
- Net Interest Income: $20.12 million compared to the $20.25 million average estimate based on three analysts.
View all Key Company Metrics for Central Valley Community Bancorp here>>>
Shares of Central Valley Community Bancorp have returned -10.3% over the past month versus the Zacks S&P 500 composite’s +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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