OFG Bancorp Q4 EPS $0.98 Beats $0.93 Estimate, Sales $143.50M Beat $141.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
OFG Bancorp (NYSE:OFG) exceeded analyst expectations for Q4 earnings, posting $0.98 per share against the estimated $0.93, a 5.38% beat. Sales reached $143.50M, surpassing the $141.62M estimate by 1.33% and marking a 6.06% increase from the previous year.
January 24, 2024 | 12:34 pm
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POSITIVE IMPACT
OFG Bancorp reported a positive earnings surprise with Q4 EPS of $0.98, surpassing estimates by 5.38%, and sales of $143.50M, beating estimates by 1.33%.
Positive earnings surprises are typically well-received by the market, leading to potential short-term stock price appreciation. OFG Bancorp's beat on both earnings per share and sales suggests strong financial performance, which could increase investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100