Popular Q2 2024 GAAP EPS $2.46 Beats $2.10 Estimate, Sales $568.312M Miss $588.296M Estimate
Portfolio Pulse from Benzinga Newsdesk
Popular (NASDAQ:BPOP) reported Q2 2024 GAAP EPS of $2.46, beating the $2.10 estimate by 17.14%. However, sales of $568.312M missed the $588.296M estimate by 3.40%. EPS increased by 17.14% YoY, while sales grew by 6.89% YoY.
July 24, 2024 | 11:13 am
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Popular (NASDAQ:BPOP) reported strong Q2 2024 earnings with GAAP EPS of $2.46, beating estimates by 17.14%. However, sales of $568.312M missed expectations by 3.40%. Despite the sales miss, the significant EPS beat and YoY growth in both EPS and sales are positive indicators.
The significant EPS beat and YoY growth in both EPS and sales are positive indicators for the stock. The sales miss is a concern but is outweighed by the strong earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100