NasdaqGS - Delayed Quote • USD
Valley National Bancorp (VLY)
At close: 4:00 PM EDT
After hours: 4:06 PM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 13 | 13 | 13 | 13 |
| Avg. Estimate | 0.2 | 0.22 | 0.95 | 1.18 |
| Low Estimate | 0.18 | 0.19 | 0.77 | 1.12 |
| High Estimate | 0.23 | 0.25 | 1.04 | 1.27 |
| Year Ago EPS | 0.3 | 0.28 | 1.06 | 0.95 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 9 | 9 | 11 | 10 |
| Avg. Estimate | 455.12M | 472.8M | 1.93B | 2.13B |
| Low Estimate | 445.2M | 457.7M | 1.89B | 2.09B |
| High Estimate | 483.77M | 495.63M | 2B | 2.19B |
| Year Ago Sales | 520.3M | 479.84M | 1.89B | 1.93B |
| Sales Growth (year/est) | -12.50% | -1.50% | 2.00% | 10.50% |
Earnings History
| CURRENCY IN USD | 3/31/2023 | 6/30/2023 | 9/30/2023 | 12/31/2023 |
|---|---|---|---|---|
| EPS Est. | 0.33 | 0.29 | 0.26 | 0.25 |
| EPS Actual | 0.3 | 0.28 | 0.26 | 0.22 |
| Difference | -0.03 | -0.01 | 0 | -0.03 |
| Surprise % | -9.10% | -3.40% | 0.00% | -12.00% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 0.2 | 0.22 | 0.95 | 1.18 |
| 7 Days Ago | 0.2 | 0.23 | 0.96 | 1.19 |
| 30 Days Ago | 0.21 | 0.23 | 0.99 | 1.2 |
| 60 Days Ago | 0.21 | 0.24 | 1 | 1.2 |
| 90 Days Ago | 0.25 | 0.26 | 1.08 | 1.19 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | -- | -- | -- | -- |
| Up Last 30 Days | 1 | -- | 1 | 1 |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | 1 | 1 | 1 | 1 |
Growth Estimates
| CURRENCY IN USD | VLY | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | -33.30% | -- | -- | 1.60% |
| Next Qtr. | -21.40% | -- | -- | 10.50% |
| Current Year | -10.40% | -- | -- | 5.20% |
| Next Year | 24.20% | -- | -- | 13.30% |
| Next 5 Years (per annum) | 5.00% | -- | -- | 11.22% |
| Past 5 Years (per annum) | 6.28% | -- | -- | -- |
Research Analysis
Analyst Price Targets
Fair Value
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Upgrades & Downgrades
| Maintains | RBC Capital: Outperform to Outperform | 4/9/2024 |
| Maintains | JP Morgan: Neutral to Neutral | 4/4/2024 |
| Maintains | Citigroup: Neutral to Neutral | 3/13/2024 |
| Initiated | Barclays: Underweight | 3/8/2024 |
| Maintains | Morgan Stanley: Underweight to Underweight | 2/7/2024 |
| Maintains | JP Morgan: Neutral to Neutral | 1/29/2024 |
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