Bridge Investment Group Q4 2023 Adj EPS $0.14 Misses $0.19 Estimate, Sales $94.13M Beat $89.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bridge Investment Group (BRDG) reported Q4 2023 earnings of $0.14 per share, missing the $0.19 estimate, but sales of $94.13M exceeded the $89.83M forecast. This represents a 1.41% decrease in sales compared to the same period last year.
February 21, 2024 | 9:41 pm
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Bridge Investment Group's Q4 earnings missed estimates but sales exceeded expectations, with a slight decrease in sales compared to last year.
The mixed results with earnings missing but sales beating estimates could lead to a neutral short-term impact on BRDG's stock price. The slight decrease in sales year-over-year indicates a potential concern but the beat on sales estimates could offset negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100