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

Blue Foundry Bancorp

26/04/2023 14:33

* Blue Foundry Bancorp  BLFY.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in March. The
lone analyst forecast for the quarter was for a loss of 6 cents
per share.
    * Revenue fell 3.4% to $12.43 million from a year ago;
analysts
expected $12.72 million. 
    * Blue Foundry Bancorp's reported EPS for the quarter was a
loss
of 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 45.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Blue Foundry Bancorp shares had risen by 3.8% this
quarter and
lost 23.1% so far this year.
    * The company reported a quarterly loss of $1.21 million.
    * Wall Street's median 12-month price target for Blue
Foundry
Bancorp is $10.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.06          -0.05          Beat
 Dec. 31 2022      0.01           0.02           Beat
 Sep. 30 2022      0.00           0.05           Beat
 Jun. 30 2022      0.00           0.00           Met