OP Bancorp Q2 EPS $0.39 Beats $0.38 Estimate, Sales $20.86M Miss $20.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
OP Bancorp reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.38 by 2.63%. However, this is a 27.78% decrease from the same period last year. The company's quarterly sales of $8.56 million missed the analyst consensus estimate of $20.90 million by 59.06%, marking a 33.85% decrease from the same period last year.
July 27, 2023 | 9:10 pm
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NEGATIVE IMPACT
OP Bancorp's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
OP Bancorp's earnings beat estimates, which is positive. However, the YoY decrease in earnings and the miss on sales, coupled with a significant YoY decrease, are negative. This mixed result could lead to uncertainty and potential negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100