Earnings Outlook For Popular
Portfolio Pulse from Benzinga Insights
Popular (NASDAQ:BPOP) is set to release its latest quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $1.85. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $60.99, down 14.27% over the last 52-week period.
October 25, 2023 | 4:00 pm
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NEGATIVE IMPACT
Popular's upcoming earnings report could impact its stock price. Despite consistently beating EPS estimates, the company's share price has typically dropped following earnings announcements. The stock is currently down 14.27% over the last 52 weeks.
Popular has a history of beating EPS estimates, which is generally a positive signal. However, the company's stock price has typically dropped following these earnings beats, indicating that other factors, such as guidance, may be influencing investor sentiment. Given this pattern and the stock's negative performance over the past year, the upcoming earnings report could potentially lead to further price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100