Bridgewater Bancshares Q2 2024 GAAP EPS $0.26 Beats $0.24 Estimate, Sales $26.759M Beat $26.667M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bridgewater Bancshares (NASDAQ:BWB) reported Q2 2024 GAAP EPS of $0.26, beating the $0.24 estimate. Sales were $26.759M, slightly above the $26.667M estimate but down 1.75% from last year.
July 24, 2024 | 8:45 pm
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Bridgewater Bancshares reported Q2 2024 GAAP EPS of $0.26, beating the $0.24 estimate. Sales were $26.759M, slightly above the $26.667M estimate but down 1.75% from last year.
The earnings per share (EPS) beat the analyst consensus estimate by 8.33%, which is a positive indicator for the stock. Although sales were slightly above estimates, they were down 1.75% year-over-year, which may temper some of the positive sentiment. Overall, the positive EPS surprise is likely to have a short-term positive impact on the stock price.
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