CORRECTION: OP Bancorp Q2 EPS $0.39 Beats $0.38 Estimate, Sales $20.86M Miss $20.90M Estimate
Portfolio Pulse from Happy Mohamed
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 $20.86 million missed the analyst consensus estimate of $20.90 million by 0.21%, but this is a 61.24% increase from the same period last year.
July 27, 2023 | 9:24 pm
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NEUTRAL IMPACT
OP Bancorp's Q2 earnings beat estimates but are down from last year. Sales also missed estimates but are up from last year.
OP Bancorp's earnings beat estimates, which is positive for the stock. However, the decrease in earnings from last year and the missed sales estimates could negatively impact the stock. The increase in sales from last year is a positive factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100