Blue Foundry Bancorp reports results for the quarter ended December 31 - Earnings Summary

Blue Foundry Bancorp

29/01/2025 14:32

* Blue Foundry Bancorp  BLFY.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended December 31,
identical to the same quarter last year.  The mean expectation
of two analysts for the quarter was for a loss of 18 cents per
share. Wall Street expected results to range from -18 cents
to -17 cents per share.
    * Revenue rose 8.1% to $9.77 million from a year ago;
analysts
expected $10.01 million. 
    * Blue Foundry Bancorp's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $2.69 million.
    * Blue Foundry Bancorp shares had fallen by 0.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Blue Foundry
Bancorp is $11.00 
This summary was machine generated from LSEG data January 29 at
02:32 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
 Dec. 31 2024      -0.18          -0.13          Beat
 Sep. 30 2024      -0.17          -0.19          Missed
 Jun. 30 2024      -0.21          -0.11          Beat
 Mar. 31 2024      -0.21          -0.13          Beat