Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) is reporting second quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, BLX is expected to report 2Q20 income of $ 0.59 per share from revenue of $ 34.68 million.
For the full year, analysts anticipate top line of $ 130.27 million, while looking forward to income of $ 2.19 per share bottom line.
Previous Quarter Performance
Banco Latinoamericano de Comercio Exterior, S.A. revealed income for the first quarter of $ 0.46 per share, from the total revenue of $ 28.80 million. The quarterly earnings declined 14.81 percent while revenues contracted 10.28 percent compared with the same quarter last year.
Wall street analysts are predicting, BLX to report 1Q20 income of $ 0.52 per share from total revenue of $ 31.05 million. The bottom line results missed street analysts by $ 0.06 or 11.54 percent, at the same time, top line results fell short of analysts by $ 2.25 million or 7.25 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BLX was $ 11.00, representing a 42.30 % increase from the 52 week low of $ 7.73 and a 51.86 % decrease over the 52 week high of $ 22.85.
The company has a market capital of $ 435.63 million and is part of the Financial Services sector and Banks – Regional – Latin America industry.
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Conference Call
Banco Latinoamericano de Comercio Exterior, S.A. will be hosting a conference call at 11:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bladex.com
Banco Latinoamericano de Comercio Exterior, S.A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.
