Blue Foundry Bancorp reports results for the quarter ended in June - Earnings Summary

Blue Foundry Bancorp

26/07/2023 20:43

* Blue Foundry Bancorp  BLFY.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue fell 21.2% to $10.76 million from a year ago;
analysts
expected $11.68 million. 
    * Blue Foundry Bancorp's reported EPS for the quarter was a
loss
of 8 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Blue Foundry Bancorp shares had fallen by 0.8% this
quarter and
lost 21.9% so far this year.
    * The company reported a quarterly loss of $1.83 million.
    * Wall Street's median 12-month price target for Blue
Foundry
Bancorp is $9.75 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 07:42 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.08          Beat
 Mar. 31 2023      -0.06          -0.05          Beat
 Dec. 31 2022      0.01           0.02           Beat
 Sep. 30 2022      0.00           0.05           Beat