OFG Bancorp expected to post earnings of 93 cents a share - Earnings Preview

OFG Bancorp

22/01/2024 13:41

* OFG Bancorp  OFG.N   OFG  is expected to show a rise in
quarterly revenue when it reports  results on January 24 for the
period ending December 31 2023
    * The San Juan Puerto Rico-based   company is expected to
report a
4.7% increase in revenue to $141.617 million from $135.3 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL represnts NII)
    * ​LSEG's mean analyst estimate for OFG Bancorp is for
earnings of
93 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for OFG Bancorp
is
$41.50​, above​ its last closing price of $35.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.94        0.94       0.95      Beat    1.3
 Jun. 30 2023  0.89        0.88       0.93      Beat    5.4
 Mar. 31 2023  0.88        0.86       0.96      Beat    11.3​
 Dec. 31 2022  0.92        0.92       0.97      Beat    5.7
 ​​Sep.        0.88        0.85       0.87      Beat    2.4
 30 2022                                                
 Jun. 30 2022  0.74        0.74       0.84      Beat    14.3​
 Mar. 31 2022  0.64        0.64       0.76      Beat    19.7
 Dec. 31 2021  0.76        0.76       0.66      Missed  -12.8
 This summary was machine generated January 22 at 13:41 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)