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

Bankwell Financial

24/04/2024 22:46

* Bankwell Financial Group Inc  BWFG.OQ  reported quarterly
adjusted earnings of 48 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of $1.33.  The mean expectation of
two analysts for the quarter was for earnings of 72 cents per
share. Wall Street expected results to range from 61 cents to 83
cents per share.
    * Revenue fell 18.5% to $22.06 million from a year ago;
analysts
expected $20.76 million. 
    * Bankwell Financial Group Inc's reported EPS for the
quarter was
48 cents​.
    * The company reported quarterly net income of $3.76
million.
    * Bankwell Financial Group Inc shares had fallen by 3.4%
this
quarter and lost 16.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Bankwell
Financial Group Inc is $34.50 

This summary was machine generated from LSEG data April 24 at
09:46 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
 Mar. 31 2024      0.72           0.48           Missed
 Dec. 31 2023      0.87           1.09           Beat
 Sep. 30 2023      0.93           1.25           Beat
 Jun. 30 2023      0.86           1.02           Beat