Hope Bancorp Q4 Adj EPS $0.32 Beats $0.21 Estimate, Sales $135.20M Miss $138.35M Estimate
Portfolio Pulse from mahesh@benzinga.com
Hope Bancorp reported Q4 adjusted EPS of $0.32, surpassing the $0.21 estimate by 52.38%, but marking a 25.58% decrease from last year's $0.43 per share. Sales were $135.20M, falling short of the $138.35M estimate by 2.28% and down 16.87% from $162.63M in the prior year.
January 30, 2024 | 11:18 am
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NEUTRAL IMPACT
Hope Bancorp's Q4 earnings exceeded estimates but showed a decline from the previous year, while sales missed expectations and also decreased year-over-year.
While the EPS beat could be seen as a positive signal, the miss on sales and the year-over-year declines in both EPS and sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100