OFG Bancorp (NYSE:OFG) is preparing to release its quarterly earnings on Wednesday, 2024-10-16. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect OFG Bancorp to report an earnings per share (EPS) of $1.02.
Investors in OFG Bancorp are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Earnings Track Record
The company's EPS beat by $0.12 in the last quarter, leading to a 1.53% increase in the share price on the following day.
Here's a look at OFG Bancorp's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.96 | 0.95 | 0.93 | 0.94 |
| EPS Actual | 1.08 | 1.05 | 0.98 | 0.95 |
| Price Change % | 2.0% | 4.0% | 4.0% | -4.0% |
Stock Performance
Shares of OFG Bancorp were trading at $44.41 as of October 14. Over the last 52-week period, shares are up 50.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for OFG Bancorp visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
