Brookline Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Brookline Bancorp

24/01/2024 22:01

* Brookline Bancorp Inc  BRKL.OQ  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 39 cents.  The mean expectation of
six analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 22 cents to 25
cents per share.
    * Revenue rose 4.4% to $83.56 million from a year ago;
analysts
expected $85.19 million. 
    * Brookline Bancorp Inc's reported EPS for the quarter was
26
cents​.
    * The company reported quarterly net income of $22.89
million.
    * Brookline Bancorp Inc shares had fallen by 1.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.6%
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 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Brookline
Bancorp
Inc is $11.00 

This summary was machine generated from LSEG data January 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
 Dec. 31 2023      0.23           0.26           Beat
 Sep. 30 2023      0.27           0.26           Missed
 Jun. 30 2023      0.29           0.25           Missed
 Mar. 31 2023      0.32           0.09           Missed