Bankwell Financial Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Bankwell Financial

29/10/2024 02:30

* Bankwell Financial Group Inc  BWFG.OQ  reported quarterly
adjusted earnings of 24 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $1.25.  The lone analyst forecast for
the quarter was for a loss of 8 cents per share. 
    * Revenue fell 6.8% to $21.87 million from a year ago;
analysts
expected $22.17 million. 
    * Bankwell Financial Group Inc's reported EPS for the
quarter was
24 cents​.
    * The company reported quarterly net income of $1.93
million.
    * Bankwell Financial Group Inc shares had fallen by 6.3%
this
quarter and lost 7.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 111.7% 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 34.00 
This summary was machine generated from LSEG data October 29 at
02:29 a.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
 Sep. 30 2024      -0.08          0.24           Beat
 Jun. 30 2024      0.10           0.14           Beat
 Mar. 31 2024      0.72           0.48           Missed
 Dec. 31 2023      0.87           1.09           Beat