The company is expected to report earnings of $1.55/share on revenue of $672 million. The consensus earnings per share (EPS) of $1.55/share is based on a poll of 6 analysts and represents a growth of 2.6% over the same quarter last year when the company reported earnings of $1.51/share.
The revenue forecast of $672 million based on a poll of 3 analysts implies a year-over-year (YoY) growth of 6.8%. Last year the company reported $629.4 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Management has been great at managing analyst expectations historically. The company has a perfect record over the last 8 tracked quarters of exceeding earnings guidance.
What are your expectations from Popular for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending September 30, 2019, the stock price reacted by falling by -1.6%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
Popular is currently trading at $61.24/share, down -0.2% for the day. The company is trading at approximately 99.6% of its 52-week high of $61.46/share. The company’s stock price is up 13.0% since the last earnings report and up 2.7% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 73.33 suggests the company is trading in technically overbought territory. The RSI is considered overbought when above 70 and oversold when below 30.
Popular’s current share price also implies a price-to-book (P/B) multiple of 1.0x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$61.24|
|P/E Ratio (Fwd)||9.2x|
|Total Debt to Capital (%)||21.6%|
|Levered Free Cash Flow||$680.1 million|
|Market Capitalization||$5.939 billion|
Company Profile: Popular, Inc.
Popular, Inc. is a mid-cap stock with a market capitalization of $5.939 billion. The company operates in the Financial sector and the Banks industry.
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. In addition, the company provides investment banking, broker-dealer, and insurance services.
As of December 31, 2018, it operated 172 branches, including 67 owned and 105 leased premises in Puerto Rico; 51 branches comprising 5 owned and 46 leased premises in New York, New Jersey, and Florida; and 619 ATMs in Puerto Rico, 22 ATMs in Virgin Islands, and 115 ATMs in the United States mainland.
Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico.