Bridgewater Bank-Bridgewater (BWB) Q3 Earnings and Revenues Beat Estimates

Company Performance - Bridgewater reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of$ 0.25 per share, but down from $0.30 per share a year ago, representing an earnings surprise of 8% [1] - The company posted revenues of$ 27.12 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.08%, and slightly down from $27.15 million year-over-year [1] - Over the last four quarters, Bridgewater has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Stock Outlook - The stock has added approximately 11.4% since the beginning of the year, compared to the S&P 500's gain of 22.7% [2] - The current consensus EPS estimate for the upcoming quarter is$ 0.27 on revenues of $28.6 million, and for the current fiscal year, it is$ 1.01 on revenues of $109 million [4] - The estimate revisions trend for Bridgewater is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Banks - Northeast industry, to which Bridgewater belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Empirical research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] - BM Technologies, Inc. (BMTX), another company in the same industry, is expected to report a quarterly loss of$ 0.18 per share, reflecting a year-over-year change of +47.1%, with revenues projected at $14.06 million, down 4.6% from the previous year [5]