Bridge Investment Group Holdings Inc reports results for the quarter ended in June - Earnings Summary

Bridge Investment group

07/08/2024 08:46

* Bridge Investment Group Holdings Inc  BRDG.N  reported
quarterly
adjusted earnings of 19 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 20 cents.  The mean expectation of four analysts
for the quarter was for earnings of 18 cents per share. Wall
Street expected results to range from 16 cents to 19 cents per
share.
    * Revenue rose 6% to $104.76 million from a year ago;
analysts
expected $87.95 million. 
    * Bridge Investment Group Holdings Inc's reported EPS for
the
quarter was a loss of 11 cents​.
    * The company reported a quarterly loss of $2.43 million.
    * Bridge Investment Group Holdings Inc shares had fallen
by 2.2%
this quarter and lost 25.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Bridge Investment
Group Holdings Inc is $10.00 
This summary was machine generated from LSEG data August 7 at
07:46 a.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
 Jun. 30 2024      0.18           0.19           Beat
 Mar. 31 2024      0.16           0.17           Beat
 Dec. 31 2023      0.19           0.14           Missed
 Sep. 30 2023      0.21           0.22           Beat