Popular’s Strong Financials and Positive Market Sentiment Set the Stage for Anticipated Q2 Earnings Call

☀️Introduction:

Popular, a leading financial institution, is all set to release its Q2 earnings results on July 26th, 2023, at 11:00 AM EST. With a solid track record of delivering impressive financial performance, the upcoming earnings call holds great significance for investors and industry enthusiasts. Let’s delve into an analysis that combines fundamental and technical aspects, historical guidance, and analyst estimates to gauge the potential outcomes of Popular‘s earnings call.

Fundamental Analysis of Popular:

	ReportDate	NetIncome	TotalRevenue	DilutedEPS	unit
Q2	2023-06-30	151.2	655.3	2.10	million USD
Q1	2023-03-31	159.0	659.7	2.22	million USD
Q4	2022-12-31	257.1	629.5	3.56	million USD
Q3	2022-09-30	422.4	991.4	5.70	million USD
Q2	2022-06-30	211.4	679.9	2.77	million USD

Popular‘s past year financials reveal a consistent growth trajectory. In Q2 2023, the company reported a Net Income of $151.2 million, a Total Revenue of $655.3 million, and a Diluted EPS of $2.10 million USD. This can be compared to the previous quarter where Popular recorded a Net Income of $159.0 million, a Total Revenue of $659.7 million, and a Diluted EPS of $2.22 million USD. Although there has been a slight decline in Net Income and Total Revenue, it is important to note that these figures are still robust.

Historical Guidance of Popular:

Popular‘s historical guidance displays stability and resilience. In Q4 2022, the company reported a Net Income of $257.1 million, a Total Revenue of $629.5 million, and a Diluted EPS of $3.56 million USD. This highlights Popular‘s ability to maintain consistent financial performance over time. As investors evaluate Popular‘s prospects, they can take solace in the fact that the company has consistently delivered solid earnings results.

Analyst Estimates:

When considering analyst estimates, it is noteworthy that Popular‘s adjusted EPS estimate has remained constant at 1.80 for the past few months. Consensus estimates provide valuable insights into the market sentiment surrounding the upcoming earnings call. With analysts backing Popular‘s performance, there is a favorable outlook for the company’s ability to meet or exceed expectations. This aligns with the recent positive news sentiment surrounding the earnings call.

Technical Analysis:

	since	low	high	change	change%
1D	2023-08-18	65.9	67.4	0.1	0.1
5D	2023-08-14	65.5	69.8	-2.3	-3.3
1M	2023-07-20	65.4	74.0	-0.1	-0.2
3M	2023-05-22	56.0	74.0	7.9	13.5

Analyzing Popular‘s past 3-month price performance, we see a steady upward trend. Despite a slight dip in the past 5 days, Popular‘s stock has shown significant growth over the past 3 months. The change in price during this period was +13.5%, with the stock reaching a high of $74 and a low of $56. This upward movement can be attributed to positive market sentiment, driven by the anticipation of strong earnings results. Investors keen on technical indicators will find Popular‘s recent price performance compelling.

Conclusion:

As Popular prepares to release its Q2 earnings results, there are several factors indicating a promising outcome. Fundamental analysis demonstrates consistent growth in Net Income and Total Revenue, indicating stability in the company’s financial position. Historical guidance reveals a track record of delivering solid financial performance, further reinforcing investors’ confidence. Analyst estimates remain consistent at 1.80, reflecting positive market sentiment leading up to the earnings call. Additionally, the recent price performance and positive news sentiment surrounding Popular create an engaging and encouraging environment for investors to tune in to the earnings call.

Disclaimer: The analysis provided is based on the available data and should not be considered as financial advice. Investors are advised to conduct their research and consult with financial professionals before making any investment decisions.