Blue Foundry Bancorp (BLFY) Reports Q4 Loss, Lags Revenue Estimates

Core Viewpoint - Blue Foundry Bancorp reported a quarterly loss of $0.13 per share, which was better than the Zacks Consensus Estimate of a loss of $0.17, indicating a positive earnings surprise of 23.53% [1] Financial Performance - The company posted revenues of $9.89 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.67%, but showing a slight increase from $9.77 million in the same quarter last year [2] - Over the last four quarters, Blue Foundry Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Blue Foundry Bancorp shares have declined approximately 0.2% since the beginning of the year, while the S&P 500 has gained 3.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.17 on revenues of $10.31 million, and for the current fiscal year, it is -$0.56 on revenues of $44.98 million [7] - The estimate revisions trend for Blue Foundry Bancorp is mixed, which could change following the recent earnings report [6] Industry Context - The Banks - Northeast industry, to which Blue Foundry Bancorp belongs, is currently ranked in the top 9% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]