Popular Q3 2024 GAAP EPS $2.16 Misses $2.29 Estimate, Sales $572.473M Miss $600.625M Estimate
Portfolio Pulse from Benzinga Newsdesk
Popular (NASDAQ:BPOP) reported Q3 2024 earnings and sales that missed analyst estimates. EPS was $2.16, below the $2.29 estimate, and sales were $572.473M, below the $600.625M estimate. Despite the miss, sales increased by 7.20% compared to the same period last year.
October 23, 2024 | 11:02 am
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NEGATIVE IMPACT
Popular's Q3 2024 earnings and sales missed analyst estimates, with EPS at $2.16 and sales at $572.473M. Despite the miss, sales grew 7.20% year-over-year.
The earnings and sales figures both missed analyst expectations, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year sales growth of 7.20% may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100