Bridgewater Bancshares Inc reports results for the quarter ended in September 30 - Earnings Summary

Bridgewater Bancshares

24/10/2024 04:10

* Bridgewater Bancshares Inc  BWB.OQ  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of
three analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 23 cents to 26
cents per share.
    * Revenue fell 0.1% to $27.12 million from a year ago;
analysts
expected $27.10 million. 
    * Bridgewater Bancshares Inc's reported EPS for the quarter
was 27
cents​.
    * The company reported quarterly net income of $8.68
million.
    * Bridgewater Bancshares Inc shares had risen by 6.3% this
quarter and gained 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 17.00 
This summary was machine generated from LSEG data October 24 at
03:10 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
 Sep. 30 2024      0.24           0.28           Beat
 Jun. 30 2024      0.24           0.26           Beat
 Mar. 31 2024      0.25           0.24           Missed
 Dec. 31 2023      0.25           0.28           Beat