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

Blue Foundry Bancorp

24/04/2024 14:32

* Blue Foundry Bancorp  BLFY.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of -5 cents.  The mean expectation of two analysts for the
quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -23 cents to -20 cents per share.
    * Revenue fell 19.9% to $9.95 million from a year ago;
analysts
expected $9.17 million. 
    * Blue Foundry Bancorp's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $2.84 million.
    * Blue Foundry Bancorp shares had fallen by 8.2% this
quarter and
lost 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $9.50 
This summary was machine generated from LSEG data April 24 at
01:31 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
 Mar. 31 2024      -0.21          -0.13          Beat
 Dec. 31 2023      -0.15          -0.13          Beat
 Sep. 30 2023      -0.11          -0.06          Beat
 Jun. 30 2023      -0.11          -0.08          Beat