UPDATE: OFG Bancorp Q2 EPS $0.93 Beats $0.88 Estimate, Sales $139.60M Beat $135.79M Estimate
Portfolio Pulse from Happy Mohamed
OFG Bancorp reported Q2 earnings of $0.93 per share, beating the analyst consensus estimate of $0.88 by 5.68%. This is a 10.71% 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 21, 2023 | 3:03 am
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POSITIVE IMPACT
OFG Bancorp's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
OFG Bancorp's earnings and sales for Q2 have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The year-over-year growth in both earnings and sales further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100