Recap: Bridgewater Bancshares Q4 Earnings
Portfolio Pulse from Benzinga Insights
Bridgewater Bancshares (NASDAQ:BWB) reported Q4 earnings with an EPS of $0.28, beating estimates by 12.0% but with a revenue decline of $7.88 million from the previous year. The company had previously beaten EPS estimates last quarter, which led to a 6.23% share price increase the following day. Historical earnings performance shows mixed results over the past four quarters.
January 24, 2024 | 9:20 pm
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Bridgewater Bancshares reported a positive earnings surprise with a 12% beat on EPS estimates but experienced a revenue decline from the same period last year.
The positive earnings surprise is likely to be viewed favorably by investors, as evidenced by the stock's previous reaction to an earnings beat last quarter with a 6.23% increase in share price. However, the decline in revenue could temper some of the positive sentiment. The net impact is expected to be positive in the short term, but investors will also consider the revenue decline in their analysis.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100