OFG Bancorp Q2 2024 Sales $147.325M Miss $152.564M Estimate
Portfolio Pulse from Benzinga Newsdesk
OFG Bancorp reported Q2 2024 sales of $147.325 million, missing the analyst consensus estimate of $152.564 million by 3.43%. Despite the miss, sales increased by 5.53% compared to the same period last year.
July 18, 2024 | 11:42 am
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NEGATIVE IMPACT
OFG Bancorp reported Q2 2024 sales of $147.325 million, missing the analyst consensus estimate of $152.564 million by 3.43%. Despite the miss, sales increased by 5.53% compared to the same period last year.
The miss on sales estimates by 3.43% is likely to have a negative short-term impact on OFG Bancorp's stock price. However, the year-over-year sales increase of 5.53% may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100