Recap: Brookline Bancorp Q4 Earnings
Portfolio Pulse from Benzinga Insights
Brookline Bancorp (NASDAQ:BRKL) reported Q4 earnings with an EPS of $0.26, beating estimates by 13.04% against the expected $0.23. Revenue increased by $3.52 million compared to the same period last year. Despite missing EPS estimates last quarter, BRKL's share price increased by 2.59% the following day. Historical earnings performance shows mixed results over the past four quarters.
January 24, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Brookline Bancorp reported a positive Q4 earnings surprise with a 13.04% beat on EPS estimates and an increase in year-over-year revenue.
Beating earnings estimates typically has a positive effect on stock prices in the short term. The historical data shows that even when BRKL missed EPS last quarter, the stock price still went up the next day, indicating a potentially strong market sentiment towards BRKL's stock. The consistent revenue growth also supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100