BBVA Q1 2024 Adj EPS $0.40 Beats $0.35 Estimate, Sales $8.925B Up From $7.468B YoY
Portfolio Pulse from Benzinga Newsdesk
BBVA reported Q1 2024 adjusted EPS of $0.40, surpassing the $0.35 estimate, marking a 14.86% beat and a 29.68% increase YoY. Sales reached $8.925B, up 19.51% from $7.468B YoY.
April 29, 2024 | 10:05 am
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POSITIVE IMPACT
BBVA's Q1 2024 earnings outperformed expectations with an EPS of $0.40, exceeding estimates by 14.86% and showing significant YoY growth in both EPS and sales.
BBVA's earnings beat and significant year-over-year growth in both earnings per share and sales are likely to positively impact investor sentiment and the stock price in the short term. The substantial beat on both top and bottom lines indicates strong operational performance and efficiency, which could lead to increased investor confidence and potential upward movement in BBVA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100