Hope Bancorp Q1 2024 Adj EPS $0.23 Misses $0.26 Estimate, Sales $123.333M Miss $130.428M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hope Bancorp reported Q1 2024 adjusted EPS of $0.23, missing the $0.26 estimate, and sales of $123.333M, below the $130.428M estimate. This represents a 30.3% decrease in earnings and a 14.86% decrease in sales from the same period last year.
April 29, 2024 | 1:04 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Hope Bancorp's Q1 2024 earnings and sales missed estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100