Flagstar Financial misses Q3 EPS consensus and cuts guidance
FLG Flagstar Bank NA
$10.38 -9.27%
View chart & analysis → - 1Flagstar Financial recorded Q3 earnings per share of $0.01, an 83.3% miss compared to the Q3 consensus of $0.06.
- 2Flagstar Bank NA recorded a pre-tax loss of $10 million in Q3 but received a $22 million income tax benefit from a federal tax audit settlement for 2019-2021.
- 3Management has cut guidance for the third consecutive quarter and reduced the 2027 EPS target by approximately half.
So what's the key point?
Flagstar Financial earned much less profit in the third quarter than experts expected. Management has lowered its future earnings target to about half of what it was before.
Source Earnings Whispers +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.