OFG Bancorp Q3 EPS $1.00 Misses $1.02 Estimate, Sales $147.80M Miss $163.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
OFG Bancorp reported Q3 earnings of $1.00 per share, missing the $1.02 estimate, and sales of $147.80M, below the $163.51M estimate. Despite missing estimates, earnings and sales increased compared to the previous year.
October 16, 2024 | 11:33 am
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NEGATIVE IMPACT
OFG Bancorp's Q3 earnings and sales missed analyst estimates, but both showed year-over-year growth. EPS was $1.00, below the $1.02 estimate, and sales were $147.80M, below the $163.51M estimate.
OFG Bancorp's earnings and sales both missed analyst expectations, which is typically viewed negatively by investors, potentially leading to a short-term decline in stock price. However, the year-over-year growth in both metrics may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100