Brookline Bancorp Q4 2023 GAAP EPS $0.26 Beats $0.23 Estimate, Sales $83.56M Miss $85.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookline Bancorp (NASDAQ:BRKL) reported Q4 2023 earnings of $0.26 per share, surpassing the consensus estimate of $0.23. However, their quarterly sales of $83.56M fell short of the expected $85.19M, marking a 1.92% miss but a 4.40% increase from the previous year.
January 24, 2024 | 9:13 pm
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Brookline Bancorp beat EPS estimates but missed on revenue for Q4 2023, showing mixed financial performance.
Beating the EPS estimate is positive and may lead to a favorable short-term reaction in the stock price. However, the miss on sales could temper investor enthusiasm, leading to a neutral short-term impact. The year-over-year sales growth is a positive sign, indicating underlying business strength.
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IMPORTANCE 75
RELEVANCE 100