Blue Foundry Bancorp expected to post a loss of 15 cents a share - Earnings Preview

Blue Foundry Bancorp

22/01/2024 13:46

* Blue Foundry Bancorp  BLFY.OQ   BLFY.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 24
for the period ending December 31 2023
    * The Rutherford New Jersey-based  company is expected to
report a
28.6% decrease in revenue to $9.551 million from $13.37 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (Sales is on Net Interest Income after
(recovery of) provision for loan losses)
    * ​LSEG's mean analyst estimate for Blue Foundry Bancorp is
for a
loss of 15 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Blue
Foundry
Bancorp is $9.50​, below​ its last closing price of $9.84. ​​​

This summary was machine generated January 22 at 13:46 GMT.  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)