Bankwell Financial Group Inc reports results for the quarter ended in June - Earnings Summary

Bankwell Financial

24/07/2024 22:58

* Bankwell Financial Group Inc  BWFG.OQ  reported quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of $1.02.  The lone analyst forecast for the
quarter was for earnings of 10 cents per share. 
    * Revenue fell 12.9% to $20.30 million from a year ago;
analysts
expected $21.34 million. 
    * Bankwell Financial Group Inc's reported EPS for the
quarter was
14 cents​.
    * The company reported quarterly net income of $1.12
million.
    * Bankwell Financial Group Inc shares had risen by 3.3% this
quarter and lost 13.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 86.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Bankwell
Financial Group Inc is $30.00 
This summary was machine generated from LSEG data July 24 at
09:58 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.10           0.14           Beat
 Mar. 31 2024      0.72           0.48           Missed
 Dec. 31 2023      0.87           1.09           Beat
 Sep. 30 2023      0.93           1.25           Beat