Brookline Bancorp Earnings Preview: Get Ahead of the Analysts

Brookline Bancorp (NASDAQ:BRKL) will report earnings after markets close on Wednesday, April 24th. Brookline Bancorp, Inc. is the holding company for Brookline Bank. The Bank is a full-service financial institution providing individuals and small to mid-sized businesses with personal deposit and lending services, residential mortgages and home equity credit, C & I lending, commercial real estate lending, cash management, payroll and merchant services, and access to investment services.

Here is your Cheat Sheet to Brookline Bancorp Earnings:

Earnings Expectations: Analysts expect earnings of $0.15 per share on revenues of $44.97 million. Currently, the company’s P/E ratio stands at 16.53.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.16 and has not changed. For the current year, the average estimate is a profit of $0.63, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Brookline Bancorp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 144.91 141.82 133.35 145.60 231.80
Diluted EPS ($) 0.22 0.33 0.46 0.47 0.53

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 37.37 56.59 56.56 59.18 59.48
Diluted EPS ($) 0.12 0.09 0.11 0.16 0.17

Past Performance:
Brookline Bancorp has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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