Blue Foundry Bancorp reports results for the quarter ended December 31 - Earnings Summary

• Blue Foundry Bancorp BLFY.OQ reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of two analysts for the quarter was for a loss of 18 cents per share. Wall Street expected results to range from -18 cents to -17 cents per share.

• Revenue rose 8.1% to $9.77 million from a year ago; analysts expected $10.01 million.

• Blue Foundry Bancorp's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $2.69 million.

• Blue Foundry Bancorp shares had fallen by 0.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Blue Foundry Bancorp is $11.00

This summary was machine generated from LSEG data January 29 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)