Bridge Investment Group Q2 Adj EPS $0.20, Inline, Sales $98.80M Beat $78.78M Estimate
Portfolio Pulse from sunil@benzinga.com
Bridge Investment Group (NYSE:BRDG) reported Q2 earnings of $0.20 per share, meeting analyst consensus. This is a 37.5% decrease from the same period last year. The company's quarterly sales of $98.80 million beat the analyst consensus estimate of $78.78 million by 25.42%, but is a 0.22% decrease from last year.
August 07, 2023 | 8:46 pm
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Bridge Investment Group's Q2 earnings met expectations but decreased 37.5% YoY. Sales beat estimates by 25.42% but decreased 0.22% YoY.
The company's earnings met analyst expectations, which is a positive sign. However, the YoY decrease in earnings and sales might concern investors, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100