Bank Bradesco Q2 2024 GAAP EPS $0.08, Inline, Sales $3.279B Miss $5.431B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank Bradesco (NYSE:BBD) reported Q2 2024 GAAP EPS of $0.08, meeting analyst expectations. However, the company missed sales estimates significantly, reporting $3.279 billion in sales against the expected $5.431 billion. Despite the miss, sales increased by 24.53% year-over-year.
August 05, 2024 | 12:25 pm
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Bank Bradesco reported Q2 2024 GAAP EPS of $0.08, meeting analyst expectations. However, the company missed sales estimates significantly, reporting $3.279 billion in sales against the expected $5.431 billion. Despite the miss, sales increased by 24.53% year-over-year.
While the EPS met expectations, the significant miss in sales estimates is likely to have a negative short-term impact on the stock price. The year-over-year sales growth is a positive, but the market may focus more on the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100