OP Bancorp Q3 EPS $0.33 Misses $0.37 Estimate, Sales $19.91M Miss $20.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
OP Bancorp reported Q3 earnings of $0.33 per share, missing the analyst consensus estimate of $0.37 by 10.81%. This is a 40% decrease from the same period last year. The company also reported quarterly sales of $19.91 million, missing the estimate of $20.85 million by 4.49%. This is a 20.87% decrease from the same period last year.
October 27, 2023 | 6:42 am
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NEGATIVE IMPACT
OP Bancorp's Q3 earnings and sales missed estimates, with significant decreases from the same period last year. This could negatively impact the company's stock price in the short term.
OP Bancorp's Q3 earnings and sales missed analyst estimates, which is typically a negative signal for investors. Additionally, the significant decreases in both earnings and sales from the same period last year indicate potential underlying issues that could negatively impact the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100