Ponce Financial Group Q4 EPS $0.02 Beats $0.01 Estimate, Sales $18.48M Beat $16.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ponce Financial Group (NASDAQ:PDLB) reported Q4 earnings of $0.02 per share, surpassing the $0.01 estimate, and a significant improvement from the $(0.40) loss per share in the same period last year. Sales reached $18.48M, exceeding the $16.70M estimate and marking an 11.32% increase from last year's $16.60M.
January 30, 2024 | 9:57 pm
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POSITIVE IMPACT
Ponce Financial Group reported a positive earnings surprise with Q4 EPS of $0.02, beating estimates by 100%, and sales of $18.48M surpassing expectations by 10.67%.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in PDLB's stock price. Beating estimates by a significant margin, especially given the year-over-year growth, is typically viewed favorably by the market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100