Stock Analysis
- United States
- /
- Banks
- /
- NasdaqGS:BPOP
Popular Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Popular (NASDAQ:BPOP) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$687.8m (up 73% from 2Q 2023).
- Net income: US$177.4m (up 18% from 2Q 2023).
- Profit margin: 26% (down from 38% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$2.47 (up from US$2.10 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Popular EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Popular that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:BPOP
Popular
Through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands.