Brookline Bancorp Q3 2024 Adj. EPS $0.23 Beats $0.20 Estimate, Sales $83.008M Beat $82.494M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookline Bancorp reported Q3 2024 earnings per share of $0.23, surpassing the analyst estimate of $0.20. Sales were $83.008 million, also beating the estimate of $82.494 million. However, both earnings and sales decreased compared to the same period last year.
October 23, 2024 | 8:32 pm
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POSITIVE IMPACT
Brookline Bancorp's Q3 2024 earnings per share of $0.23 exceeded expectations, but both EPS and sales showed a decline compared to last year. The positive earnings surprise may boost short-term stock prices, but the year-over-year decline could temper long-term investor enthusiasm.
The earnings per share of $0.23 beat the analyst estimate of $0.20, which is a positive surprise and likely to have a short-term positive impact on the stock price. However, the year-over-year decline in both EPS and sales may concern investors about the company's growth prospects, potentially limiting the long-term positive impact.
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IMPORTANCE 80
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