Popular Q3 EPS $1.90 Beats $1.85 Estimate, Sales $534.02M Miss $536.53M Estimate
Portfolio Pulse from saritha@benzinga.com
Popular (NASDAQ:BPOP) reported Q3 earnings of $1.90 per share, beating the analyst consensus estimate of $1.85 by 2.7%. However, this is a 28.03% decrease from the same period last year. The company's quarterly sales were $534.02 million, missing the analyst consensus estimate of $536.53 million by 0.47%. This is a 7.87% decrease from the same period last year.
October 26, 2023 | 12:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Popular's Q3 earnings beat estimates but are down 28.03% YoY. Sales missed estimates and are down 7.87% YoY.
Despite beating earnings estimates, Popular's earnings and sales have decreased significantly compared to the same period last year. This could negatively impact the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100