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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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.
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