Popular (BPOP) Beats Q1 Earnings and Revenue Estimates

Core Viewpoint - Popular (BPOP) reported quarterly earnings of $2.56 per share, exceeding the Zacks Consensus Estimate of$ 2.26 per share, and showing an increase from $1.87 per share a year ago [1] Financial Performance - The earnings surprise for the quarter was 13.27%, with the company previously expected to earn$ 2.04 per share but actually earning $2.51, resulting in a surprise of 23.04% [2] - Popular's revenues for the quarter ended March 2025 were$ 757.66 million, surpassing the Zacks Consensus Estimate by 0.21%, and up from $714.56 million year-over-year [3] Stock Performance - Popular shares have declined approximately 4.9% since the beginning of the year, while the S&P 500 has decreased by 10.1% [4] - The current Zacks Rank for Popular is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is$ 2.52 on revenues of $769.18 million, and for the current fiscal year, it is$ 10.04 on revenues of $3.11 billion [8] - The Zacks Industry Rank for Banks - Southeast is in the top 29% of over 250 Zacks industries, suggesting a favorable outlook for the sector [9]