Waterstone Financial (NASDAQ:WSBF) reported quarterly earnings of $0.25 per share. This is a 68.35 percent decrease over earnings of $0.79 per share from the same period last year.
During Tuesday, 581 stocks hit new 52-week lows.
Interesting Highlights From Today's 52-Week Lows
Meta Platforms (NASDAQ:FB) was the biggest company on a market cap basis to set a new 52-week low.
Waterstone Financial (NASDAQ:WSBF) reported quarterly earnings of $0.53 per share. This is a 54.7 percent decrease over earnings of $1.17 per share from the same period last year.
Waterstone Financial (NASDAQ:WSBF) reported quarterly earnings of $0.79 per share. This is a 26.85 percent decrease over earnings of $1.08 per share from the same period last year.
Shares of Waterstone Financial (NASDAQ:WSBF) were unchanged after the company reported Q2 results.
Quarterly Results
Earnings per share were down 12.94% year over year to $0.74, which beat the estimate of $0.62.
What is a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.