OFG Bancorp expected to post earnings of 96 cents a share - Earnings Preview

OFG Bancorp

16/07/2024 13:51

* OFG Bancorp  OFG.N   OFG  is expected to show a rise in
quarterly revenue when it reports  results on July 18 for the
period ending June 30 2024
    * The San Juan Puerto Rico-based   company is expected to
report a
9.3% increase in revenue to $152.564 million from $139.64
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (SAL represents NII basis)
    * ​LSEG's mean analyst estimate for OFG Bancorp is for
earnings of
96 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
$44.00​, above​ its last closing price of $40.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.95        0.95       1.05      Beat    10.5
 Dec. 31 2024  0.93        0.93       0.94      Beat    1.1
 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.        0.88        0.86       0.96      Beat    11.3
 31 2023                                                
 Dec. 31 2022  0.92        0.92       0.97      Beat    5.7​
 Sep. 30 2022  0.88        0.85       0.87      Beat    2.4
 Jun. 30 2022  0.74        0.74       0.84      Beat    14.3
 This summary was machine generated July 16 at 12:51 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)