Hope Bancorp Q3 2024 Adj EPS $0.21 Misses $0.22 Estimate, Sales $116.65M Miss $121.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hope Bancorp reported Q3 2024 earnings per share of $0.21, missing the consensus estimate of $0.22. Sales were $116.65 million, below the expected $121.13 million, marking an 18.82% decrease from the previous year.
October 28, 2024 | 11:40 am
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NEGATIVE IMPACT
Hope Bancorp's Q3 2024 earnings and sales both missed analyst estimates, with a significant year-over-year sales decline of 18.82%.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The significant year-over-year decline in sales further exacerbates the negative sentiment, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100