Earnings Preview For Popular
Portfolio Pulse from Benzinga Insights
Popular (NASDAQ:BPOP) is scheduled to release its quarterly earnings report on Thursday, 2024-01-25, with analysts expecting an EPS of $1.52. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Popular has had mixed post-earnings stock price reactions, with a slight increase after last quarter's beat. Shares are currently trading at $82.17, up 27.75% over the past year, indicating a bullish sentiment among long-term shareholders ahead of the earnings announcement.
January 24, 2024 | 4:01 pm
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Popular is expected to report an EPS of $1.52 in its upcoming earnings, with investors anticipating an earnings beat and positive future guidance. The stock has risen 27.75% over the past year, indicating optimism ahead of the report.
Given the positive historical performance and the 27.75% increase in stock price over the past year, there is a bullish sentiment among investors. If Popular beats the EPS estimate and provides favorable guidance, it is likely to have a positive short-term impact on the stock price. However, the market's reaction can be unpredictable and may also hinge on the forward-looking statements made during the earnings call.
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