Bank Bradesco Q3 2024 GAAP EPS $0.08 Misses $0.09 Estimate, Sales $3.766B Miss $5.322B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank Bradesco (NYSE:BBD) reported Q3 2024 earnings of $0.08 per share, missing the $0.09 estimate. Sales were $3.766B, below the $5.322B estimate, but up 21.17% from last year.
October 31, 2024 | 1:17 pm
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NEGATIVE IMPACT
Bank Bradesco's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.08 and sales at $3.766B. Despite the miss, sales increased by 21.17% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is typically negative for stock prices. However, the year-over-year sales growth of 21.17% provides a positive aspect. Overall, the immediate impact is likely negative due to the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100