Bridgewater Bancshares Q1 2024 GAAP EPS $0.24 Misses $0.25 Estimate, Sales $26.181M Miss $27.033M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bridgewater Bancshares (NASDAQ:BWB) reported Q1 2024 earnings of $0.24 per share, missing the consensus estimate of $0.25, a 35.14% decrease from last year. Sales were $26.181M, missing the $27.033M estimate, marking a 13.50% decrease from the previous year.

April 24, 2024 | 9:44 pm
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Bridgewater Bancshares reported lower than expected Q1 2024 earnings and sales, missing estimates and showing significant year-over-year declines.
Missing both earnings and sales estimates, especially with significant year-over-year declines, typically leads to negative investor sentiment in the short term. The reported figures indicate a substantial decrease in performance, which could lead to a decrease in stock price as investors adjust their expectations.
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