How does BLFY's 2024 EPS trend look?

Blue Foundry Bancorp's (BLFY) 2024 EPS trend shows a decline in the third quarter, with a projected EPS of -$0.18 for Q3 2024, compared to the previous quarter's EPS of -$0.062. This indicates a worsening financial performance, which is also reflected in the net loss of $4.04 million in Q3 2024, a significant increase from the previous quarter's net loss of $2.8 million. The revenue for Q3 2024 is $9.23 million, marking a 16% decrease from the same period in the previous year. 1. **Q3 2024 Performance**: The most recent data shows a substantial dip in financial performance, with a widened net loss and a lower EPS than the previous quarter, indicating a challenging period for the bank. 2. **Comparison with Estimates**: The EPS of -$0.19 reported in Q3 2024 was $0.01 worse than the analyst estimate of -$0.18. This suggests that the actual performance fell short of market expectations, potentially impacting investor confidence. 3. **Revenue Shortfall**: The revenue of $9.23 million in Q3 2024 was below the consensus estimate of $10.19 million. This shortfall, combined with the negative EPS, underscores operational challenges for Blue Foundry Bancorp in generating profitability as per market forecasts. In summary, Blue Foundry Bancorp's 2024 EPS trend is currently showing a negative and deteriorating path, with recent results missing expectations, indicating a tough road ahead for the bank to improve its financial health.