Bridgewater Bancshares Q3 EPS $0.30 Beats $0.27 Estimate, Sales $26.65M Miss $27.20M Estimate
Portfolio Pulse from vinayak@benzinga.com
Bridgewater Bancshares (NASDAQ:BWB) reported Q3 earnings of $0.30 per share, beating the analyst consensus estimate of $0.27 by 11.11%. However, this is a 36.17% decrease from the same period last year. The company's quarterly sales of $26.65 million missed the analyst consensus estimate of $27.20 million by 2.01%, marking a 24.88% decrease from the same period last year.
October 25, 2023 | 8:40 pm
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NEGATIVE IMPACT
Bridgewater Bancshares beat Q3 earnings estimates but reported a significant YoY decrease. Sales also missed estimates and decreased YoY.
Bridgewater Bancshares reported a YoY decrease in both earnings and sales, and missed sales estimates. This could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100