Savings & Loan Stocks' Earnings On Oct 27: WSFS, ISBC & More

Many companies, including some banking giants, have come up with better-than-expected results for the Jul-Sep 2016 quarter.

This improvement in the finance sector depicts a somewhat better environment, including positives like rebound in oil prices and continued recovery of the U.S. economy. Further, demand for commercial, industrial and commercial real estate loans along with several consumer loan categories including card and auto remained strong.

Nevertheless, global concerns and a low rate environment adversely affected the performance of the finance sector during the quarter.

Per the latest Zacks Earnings Preview report, overall earnings for the Finance sector in the quarter are expected to be up 14.4% year over year.

Let’s check how the following savings and loan companies, which are part of the broad Finance sector, are expected to perform in their results tomorrow.

WSFS Financial Corp. (NASDAQ:WSFS) is scheduled to report results after the market closes. Its Zacks Consensus Estimate of 58 cents has remained stable over the past 30 days. Moreover, the figure depicts a year-over-year increase of 9.4%.

However, we cannot conclusively predict an earnings beat because the company has an Earnings ESP of 0.00% along with a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, the company has delivered positive earnings surprises in all the trailing four quarters, with an average beat of 7.2%.

WSFS FINL CORP Price and EPS Surprise

Investors Bancorp Inc. (NASDAQ:ISBC) is also set to report its third-quarter 2016 results after the market closes. Its Zacks Consensus Estimate of 15 cents has remained stable over the past 30 days. Also, the figure represents an increase of 7.1% year over year.

An Earnings ESP of +6.67% along with a Zacks Rank #4 (Sell) reduces the chance of it witnessing an earnings beat this quarter.

Notably, the company delivered an average positive earnings surprise of 5.63% in the trailing four quarters as depicted in the chart below:

INVESTORS BANCP Price and EPS Surprise

Capitol Federal Financial, Inc. (NASDAQ:CFFN) is set to report its fiscal fourth-quarter 2016 numbers before the opening bell. The Zacks Consensus Estimate of 15 cents for remained constant over the past 30 days. The estimate reflects growth of 7.1% in the company’s earnings year over year.

Its Zacks Rank #3 and Earnings ESP of 0.00% make it difficult to conclusively predict an earnings beat for the quarter.

Nevertheless, the company’s earnings were in-line with the Zacks Consensus Estimates in all the trailing four quarters as depicted in the chart below:

CAPITOL FEDL FN Price and EPS Surprise

Dime Community Bancshares Inc. (NASDAQ:DCOM) is also slated to report third-quarter 2016 results after the market closes. Its Zacks Consensus Estimate has remained stable over the last 30 days. Also, the estimate of 31 cents represents a 12.5% year-over-year increase.

In addition, the company holds a Zacks Rank #3 along with an Earnings ESP of 0.00%. Hence, our quantitative model does not conclusively predict an earnings beat for the quarter.

Notably, the company posted an average beat of 2.5% in the trailing four quarters.

DIME COMM BNCSH Price and EPS Surprise

Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.

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