BRDG Earnings Prediction
The chart below shows how BRDG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BRDG sees a +3.92% change in stock price 10 days leading up to the earnings, and a +1.34% change 10 days following the report. On the earnings day itself, the stock moves by -0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
BRDG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
109.30M
44.62%
-13.99%
Gross Margin
--
--
--
Operating Margin
12.06%
168.56%
-62.08%
Net Margin
9.68%
140.88%
-55.25%
EPS
0.04
200.00%
-157.14%
No Data Available
BRDG Earnings Analysis
Bridge Investment Group Holdings Inc. Corporation (BRDG.N) Earnings Conference Call
Positive
Q3 2024 Net Income: Reported GAAP net income of approximately $10.6 million for Q3 2024.
Dividend Declaration Announcement: Declared a dividend of $0.10 per share to be paid on December 20 to shareholders of record as of December 6.
Distributable Earnings Achievement: Achieved distributable earnings of $28.2 million or $0.15 per share after tax.
Q3 Fundraising Highlights: Raised approximately $607 million in the third quarter, led by $429 million in debt strategies and $115 million in workforce and affordable housing.
Fee-Related Revenue Increase: Increased fee-related revenue to $82.5 million, a 3% increase from the last quarter, driven by the inclusion of fee-related performance revenues.
Negative
Net Income Decline: GAAAP net income reported at approximately $10.6 million for Q3 2024, indicating a decline from previous quarters.
Net Income Decline: Net income attributable to Bridge per share of Class A common stock was $0.04, reflecting a decrease from prior periods.
Distributable Earnings Decline: Distributable earnings of the operating company were $28.2 million or $0.15 per share after tax, down from previous earnings.
Dividend Declaration Concerns: The board declared a dividend of $0.10 per share, which may not meet investor expectations given the recent performance.
Increased Operating Expenses Impact Earnings: Operating expenses increased significantly, leading to a decrease in net earnings from Bridge property operators.
BRDG FAQs
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BRDG Earning Call Sentiment
Bridge Investment Group Holdings Inc. (BRDG) Q3 2024 Earnings Call Transcript
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BRDG.N
-1.86%Positive
The earnings call presents a mixed picture. Financial performance shows some growth in fee-related revenue and net accrued performance revenue, but distributable earnings decreased due to higher expenses. The Q&A reveals optimism about future transaction volumes and fundraising, despite short-term challenges. The acquisition and new initiatives are positive, but the lack of clear guidance on fundraising improvement raises concerns. Overall, the sentiment is neutral to slightly positive, suggesting a potential for moderate stock price movement.
