On Wednesday 16th October 2024, investors and market participants can expect the release of OFG Bancorp (NYSE: OFG) third quarter financial results. This crucial announcement will be made before market open.
According to the forecasts of financial experts on Wall Street, the organization is poised to announce an anticipated per share $1.02 profit for the quarter. Furthermore, the firm is expected to disclose a total revenue of $163.51 million for this specific period.
When looking back at the corresponding quarter from the previous year, the company's earnings report showcased a per-share income of $0.95. This was attributed to the company's total revenue, which amounted to an impressive $141.8 million during that same period.
According to the Wall Street analysts projections, the company is expected to generate a total revenue of $651.81 million for the fiscal year. Additionally, these analysts anticipate that the company will report profit of $4.18 per share during the same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.08 | +16.1% | 147.40 M | +5.6% |
| Q1 2024 | $1.05 | +9.4% | 144.10 M | +6.0% |
| Q4 2023 | $0.98 | +1.0% | 143.50 M | +6.1% |
| Q3 2023 | $0.95 | +9.2% | 141.80 M | +12.1% |
| Q2 2023 | $0.93 | +10.7% | 139.60 M | +21.3% |
| *Growth on year-over-year basis | ||||
OFG has scheduled a conference call on 16th October 2024 at 10:00 AM eastern time to discuss the third quarter financial results and other related information.
OFG Bancorp (OFG) shares traded as low as $43.86 and as high as $44.56 on a day volume of 230.70 thousand shares, closed Monday's regular trading session at $44.41, an increase of 0.59 percent.
