Bridgewater (BWB) Tops Q2 Earnings and Revenue Estimates

Core Viewpoint - Bridgewater reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, but down from $0.31 per share a year ago, indicating an earnings surprise of 8.33% [1] Company Performance - The company posted revenues of $26.76 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.60%, but down from $27.29 million year-over-year [9] - Over the last four quarters, Bridgewater has surpassed consensus EPS estimates three times [13] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.25 on revenues of $27.7 million, and $1 on revenues of $109.6 million for the current fiscal year [11] - The estimate revisions trend for Bridgewater is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - Bridgewater belongs to the Zacks Banks - Northeast industry, which is currently in the top 27% of over 250 Zacks industries, suggesting a favorable industry outlook [12]