Bridgewater Bancshares Inc reports results for the quarter ended in March - Earnings Summary

Bridgewater Bancshares

24/04/2024 23:01

* Bridgewater Bancshares Inc  BWB.OQ  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 37 cents.  The mean expectation of three analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 24 cents to 26 cents per share.
    * Revenue fell 14.2% to $26.18 million from a year ago;
analysts
expected $27.03 million. 
    * Bridgewater Bancshares Inc's reported EPS for the quarter
was 24
cents​.
    * The company reported quarterly net income of $6.82
million.
    * Bridgewater Bancshares Inc shares had risen by 3.0% this
quarter and lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Bridgewater
Bancshares Inc is $14.00 
This summary was machine generated from LSEG data April 24 at
10:01 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      0.25           0.24           Missed
 Dec. 31 2023      0.25           0.28           Beat
 Sep. 30 2023      0.27           0.30           Beat
 Jun. 30 2023      0.31           0.31           Met