OFG Bancorp Q2 EPS $0.93 Beats $0.88 Estimate, Sales $139.60M Beat $135.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
OFG Bancorp reported Q2 earnings of $0.96 per share, beating the analyst consensus estimate of $0.88 by 9.09%. This is a 14.29% increase from the same period last year. The company also reported quarterly sales of $139.60 million, beating the analyst consensus estimate of $135.79 million by 2.81%. This is a 21.29% increase from the same period last year.
July 20, 2023 | 11:39 am
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POSITIVE IMPACT
OFG Bancorp's Q2 earnings and sales beat analyst estimates, showing a significant YoY increase. This could positively impact the company's stock in the short term.
OFG Bancorp's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors. The YoY increase in both earnings and sales indicates strong performance and growth, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100