Blue Foundry Bancorp (BFLY) Tops Q3 EPS by 18c

Blue Foundry Bancorp (NYSE: BFLY) reported Q3 EPS of ($0.07), $0.18 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $14.6 million versus the consensus estimate of $19.5 million.

2021 Financial Guidance:

• Revenue is expected to be approximately $60 million to $62 million, or approximately 30% to 34% growth year-over-year.
• Gross margin is expected to be approximately 28% to 30%. Adjusted gross margin is expected to be approximately 48% to 50%.
• Net loss is expected to be approximately $(65) million to $(75) million. Adjusted EBITDA loss is expected to be approximately $(125) million to $(135) million.

For earnings history and earnings-related data on Blue Foundry Bancorp (BFLY) click here.

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