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

Blue Foundry Bancorp

25/10/2023 19:49

* Blue Foundry Bancorp  BLFY.OQ  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended in September.
The mean expectation of two analysts for the quarter was for a
loss of 11 cents per share.
    * Revenue fell 27.5% to $10.59 million from a year ago;
analysts
expected $10.77 million. 
    * Blue Foundry Bancorp's reported EPS for the quarter was a
loss
of 6 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Blue Foundry Bancorp shares had fallen by 9.7% this
quarter and
lost 41.2% so far this year.
    * The company reported a quarterly loss of $1.43 million.
    * Wall Street's median 12-month price target for Blue
Foundry
Bancorp is $8.75 
    * 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
October 25 at 06:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.11          -0.06          Beat
 Jun. 30 2023      -0.11          -0.08          Beat
 Mar. 31 2023      -0.06          -0.05          Beat
 Dec. 31 2022      0.01           0.02           Beat