Bridge Investment Group Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Bridge Investment group

07/11/2024 17:25

* Bridge Investment Group Holdings Inc  BRDG.N  reported
quarterly
adjusted earnings of 15 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 22 cents.  The mean expectation of
five analysts for the quarter was for earnings of 18 cents per
share. 
    * Revenue fell 4.5% to $101.51 million from a year ago;
analysts
expected $82.90 million. 
    * Bridge Investment Group Holdings Inc's reported EPS for
the
quarter was 11 cents​.
    * The company reported quarterly net income of $10.83
million.
    * Bridge Investment Group Holdings Inc shares had risen
by 13.7%
this quarter and gained 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 11.50 
This summary was machine generated from LSEG data November 7 at
05:25 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
 Sep. 30 2024      0.18           0.15           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