Bridge Investment Group Holdings (BRDG) said after close Wednesday that it earned $0.14 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $94.1 million, beating estimates by $4.3 million.
In the same quarter a year ago, the company earned $0.21 per share on revenue of $95.5 million.
The stock is down 15.22% to $7.41 after the report.
Bridge Investment Group Holdings's profit margins took a hit as earnings fell at a faster pace than revenues.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Bridge Investment Group Holdings a Bearish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 38. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies and agency mortgage-backed securities.
News Home
Bridge Investment Group Holdings Down 15.22% To $7.41 After Earnings Miss
Mentioned in this article
