Brookline Bancorp Q1 2024 GAAP EPS $0.16 Misses $0.22 Estimate, Sales $81.588M Miss $83.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookline Bancorp (NASDAQ:BRKL) reported Q1 2024 earnings of $0.16 per share, missing the $0.22 estimate, and sales of $81.588M, below the $83.250M estimate. This represents a 77.78% increase in earnings but a 5.18% decrease in sales from the same period last year.

April 24, 2024 | 9:37 pm
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NEGATIVE IMPACT
Brookline Bancorp's Q1 2024 earnings and sales missed estimates, with earnings per share at $0.16 and sales at $81.588M, indicating a mixed financial performance.
The missed earnings and sales estimates for Brookline Bancorp are likely to negatively impact investor sentiment in the short term. Despite the significant increase in earnings compared to the previous year, the miss on both fronts can lead to a decrease in stock price as it may raise concerns about the company's growth trajectory and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100