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

Brookline Bancorp

24/07/2024 22:02

* Brookline Bancorp Inc  BRKL.OQ  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 25 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 17 cents to 20 cents per share.
    * Revenue fell 7% to $80.00 million from a year ago;
analysts
expected $81.67 million. 
    * Brookline Bancorp Inc's reported EPS for the quarter was
18
cents​.
    * The company reported quarterly net income of $16.37
million.
    * Brookline Bancorp Inc shares had risen by 25.3% this
quarter and
lost 4.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.8%
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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Brookline Bancorp
Inc is $10.50 
This summary was machine generated from LSEG data July 24 at
09:02 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
 Jun. 30 2024      0.18           0.18           Met
 Mar. 31 2024      0.22           0.16           Missed
 Dec. 31 2023      0.23           0.26           Beat
 Sep. 30 2023      0.27           0.26           Missed