OFG Bancorp (OFG, Financial) is set to release its Q3 2024 earnings on Oct 16, 2024. The consensus estimate for Q3 2024 revenue is $163.51 million, and the earnings are expected to come in at $1.02 per share. The full year 2024 revenue is expected to be $651.81 million, and the earnings are expected to be $4.18 per share. More detailed estimate data can be found on the Forecast page.
OFG Bancorp (OFG, Financial) Estimates Trends
Over the past 90 days, revenue estimates for OFG Bancorp (OFG) for the full year 2024 have increased from $612.61 million to $651.81 million, and for 2025, estimates have risen from $647.32 million to $669.83 million. Similarly, earnings estimates have seen an upward revision from $3.87 per share to $4.18 per share for the full year 2024, and from $3.97 per share to $4.09 per share for 2025.
OFG Bancorp (OFG, Financial) Reported History
In the previous quarter of June 30, 2024, OFG Bancorp's (OFG) actual revenue was $147.33 million, which missed analysts' revenue expectations of $152.56 million by -3.43%. OFG Bancorp's (OFG) actual earnings were $1.08 per share, which beat analysts' earnings expectations of $0.96 per share by 12.5%. After releasing the results, OFG Bancorp (OFG) was down by -0.14% in one day.
OFG Bancorp (OFG, Financial) 12 Month Price Targets
Based on the one-year price targets offered by four analysts, the average target price for OFG Bancorp (OFG) is $50 with a high estimate of $52 and a low estimate of $48. The average target implies an upside of 12.59% from the current price of $44.41.
Based on GuruFocus estimates, the estimated GF Value for OFG Bancorp (OFG, Financial) in one year is $37.38, suggesting a downside of -15.83% from the current price of $44.41.
Based on the consensus recommendation from four brokerage firms, OFG Bancorp's (OFG, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
