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

Brookline Bancorp

24/04/2024 22:01

* Brookline Bancorp Inc  BRKL.OQ  reported quarterly
adjusted
earnings of 16 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 9 cents.  The mean expectation of six analysts
for the quarter was for earnings of 22 cents per share. Wall
Street expected results to range from 19 cents to 25 cents per
share.
    * Revenue fell 5.2% to $81.59 million from a year ago;
analysts
expected $83.25 million. 
    * Brookline Bancorp Inc's reported EPS for the quarter was
16
cents​.
    * The company reported quarterly net income of $14.67
million.
    * Brookline Bancorp Inc shares had fallen by 4.0% this
quarter and
lost 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 4 "strong buy" or "buy," 2
"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 Brookline Bancorp
Inc is $13.00 
This summary was machine generated from LSEG data April 24 at
09:00 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      0.22           0.16           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