Bank Bradesco Q1 2024 GAAP EPS $0.07 Misses $0.08 Estimate, Sales $3.647B Miss $5.708B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank Bradesco reported Q1 2024 GAAP EPS of $0.07, missing the $0.08 estimate, and sales of $3.647B, below the $5.708B estimate. This represents a 3.14% increase in sales compared to the same period last year.

May 02, 2024 | 1:09 pm
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NEGATIVE IMPACT
Bank Bradesco's Q1 2024 earnings and sales missed estimates, with a slight year-over-year sales increase.
Missing both earnings and sales estimates significantly, especially with a 36.11% miss on the sales forecast, is likely to negatively impact investor sentiment and the stock price in the short term. The slight year-over-year sales growth may not be sufficient to offset the negative impact of missing estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100