Earnings Preview: Astoria Financial

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 |  About: Astoria Financial Corporation (AF)
by: Theflyonthewall

Astoria Financial (NYSE:AF) is expected to report Q2 earnings Wednesday, July 16 after market close, with a conference call scheduled for Thursday, July 17 at 10:00 am ET.

Guidance

Analysts are looking for EPS of 36c on revenue of $110.69M. The consensus range for EPS is 33c to 41c, while the consensus range for revenue is $106.37M to $116.59M, according to First Call.

The Wall Street Journal reported on June 19 that Astoria Financial had dramatically reduced the number of its nonperforming loans by changing its internal policy on when mortgages are classified on its books as troubled. Astoria now considers home loans to be nonperforming when the borrower misses three payments, compared with its previous policy of categorizing all loans on which two payments have been missed as nonperforming.