Popular, Inc. (NASDAQ:BPOP) is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.92 per share.
For the full year, analysts predict revenues of $ 1835.33 million, while looking forward to income of $ 3.67 per share.
Previous Quarter Performance
Popular, Inc. came out with income for the first quarter of $ 0.37 per share, from the revenue of $ 473.10 million. The quarterly earnings shrunk 12.50 percent while revenues compared with the same quarter last year.
Street analysts expected $ 535.67 million. The bottom line results street analysts by $ 0.35 or , at the same time, top line results fell short of analysts by $ 62.57 million or 11.68 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BPOP was $ 37.50, representing a 58.29 % increase from the 52 week low of $ 23.69 and a 38.98 % decrease over the 52 week high of $ 61.46.
The company has a market capital of $ 3.15 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 18th June 2020, maintained by Citigroup at Buy rating, with $ 49.00 target price.
Recent Stock Dividend Announcement
On May 12, 2020, the board of directors authorized quarterly dividend of $ 0.40 per share to holders of record as of the close of business on June 2, 2020, with payment date of July 1, 2020 and ex-dividend date on June 1, 2020.
Conference Call
Popular, Inc. will be hosting a conference call at 11:00 AM eastern time on 23rd 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.popular.com
Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
