Popular, Inc. (NASDAQ:BPOP) is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.20 per share.
For the full year, analysts predict revenues of $ 1850.02 million, while looking forward to income of $ 4.19 per share.
Previous Quarter Performance
Popular, Inc. unwinded income for the second quarter of $ 1.49 per share, from the revenue of $ 450.88 million. The quarterly earnings contracted 15.34 percent while revenues down 5.34 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.92 per share from $ 441.57 million in revenue. The bottom line results beat street analysts by $ 0.57 or 61.96 percent, at the same time, top line results outshined analysts by $ 9.31 million or 2.11 percent.
Stock Performance
Shares of Popular, Inc. traded low $ -1.33 or -3.28 percent on Tuesday, reaching $ 39.26 with volume of 488.50 thousand shares. Popular, Inc. has traded high as $ 40.32 and has cracked $ 38.97 on the downward trend
According to the previous trading day, closing price of $ 39.26, representing a 71.34 % increase from the 52 week low of $ 23.69 and a 33.96 % decrease over the 52 week high of $ 61.46.
The company has a market capital of $ 3.31 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.40 per share on August 18, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 8, 2020 and ex-dividend date on September 4, 2020.
Conference Call
Popular, Inc. will be hosting a conference call at 11:00 AM eastern time on 28th October 2020, to discuss its 3Q20 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.
