Brookline Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Brookline Bancorp

24/10/2024 04:00

* Brookline Bancorp Inc  BRKL.OQ  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 26 cents.  The mean expectation of four analysts
for the quarter was for earnings of 20 cents per share. Wall
Street expected results to range from 19 cents to 21 cents per
share.
    * Revenue fell 1.3% to $83.01 million from a year ago;
analysts
expected $82.49 million. 
    * Brookline Bancorp Inc's reported EPS for the quarter was
23
cents​.
    * The company reported quarterly net income of $20.14
million.
    * Brookline Bancorp Inc shares had risen by 3.6% this
quarter and
lost 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.3%
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 $12.00 
This summary was machine generated from LSEG data October 24 at
03:00 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      0.20           0.23           Beat
 Jun. 30 2024      0.18           0.18           Met
 Mar. 31 2024      0.22           0.16           Missed
 Dec. 31 2023      0.23           0.26           Beat