Recap: Bridge Investment Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
Bridge Investment Group (NYSE:BRDG) reported Q4 earnings with an EPS of $0.14, missing estimates by 26.32% against an expected $0.19. Revenue decreased by $1.35 million from the previous year. The company had previously beaten EPS estimates in Q3 2023 but experienced a slight share price drop the following day.
February 21, 2024 | 9:45 pm
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NEGATIVE IMPACT
Bridge Investment Group reported lower than expected Q4 earnings and a decrease in revenue compared to last year.
Missing earnings estimates significantly, especially by 26.32%, and reporting a decrease in revenue compared to the previous year, typically leads to negative investor sentiment and can result in a short-term decrease in stock price. Historical performance indicates a slight drop in share price following earnings reports, suggesting a pattern that could repeat.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100