Banco Do Brasil (BDORY) to Release Quarterly Earnings on Wednesday

Key Points

• Bank to report on May 13: Banco do Brasil will release quarterly results after the market close on Wednesday, May 13, with analysts forecasting $0.13 EPS and $7.84 billion in revenue.
• Prior quarter beat estimates: On Feb. 11 the bank reported $0.19 EPS (vs. $0.13 expected) and $8.61 billion in revenue (vs. $7.41 billion expected), and analysts see roughly $1 EPS for the current and next fiscal year.
• Mixed market view and valuation: Shares trade around $4.56 with a market cap of $26.13 billion and a P/E of 10.6; analyst consensus is a "Reduce" rating after actions including a Goldman Sachs downgrade to "strong sell" and a Zacks upgrade to "hold".

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) is anticipated to issue its results after the market closes on Wednesday, May 13th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $7.8367 billion for the quarter.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last released its earnings results on Wednesday, February 11th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $8.61 billion for the quarter, compared to analysts' expectations of $7.41 billion. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%. On average, analysts expect Banco Do Brasil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Banco Do Brasil Stock Performance

Shares of BDORY opened at $4.56 on Wednesday. The firm's 50 day moving average is $4.78 and its 200-day moving average is $4.45. The stock has a market capitalization of $26.13 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.31 and a beta of 0.44. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.90 and a quick ratio of 0.90. Banco Do Brasil has a 12-month low of $3.35 and a 12-month high of $5.51.

Analyst Upgrades and Downgrades

BDORY has been the topic of several recent research reports. Zacks Research raised shares of Banco Do Brasil from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. The Goldman Sachs Group cut shares of Banco Do Brasil from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce".

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil's largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country's financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank's activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.

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