DBS Group (DBSDY) Expected to Announce Quarterly Earnings on Monday

Key Points

• DBS Group is expected to report quarterly results before the market opens on Monday, February 9, with analysts forecasting $2.83 EPS and $5.6618 billion in revenue.
• Shares traded at $188.25 (up $1.74) on higher-than-average volume, sitting above its 50‑day ($177.08) and 200‑day ($165.99) moving averages and close to its 52‑week high of $194.00.
• Analyst sentiment is positive after Phillip Securities upgraded DBS to a "Strong Buy", and MarketBeat shows the stock's average rating as Strong Buy.

DBS Group (OTCMKTS:DBSDY - Get Free Report) will likely be issuing its results before the market opens on Monday, February 9th. Analysts expect the company to announce earnings of $2.83 per share and revenue of $5.6618 billion for the quarter.

DBS Group Price Performance

Shares of DBSDY stock traded up $1.74 during midday trading on Friday, reaching $188.25. 54,274 shares of the company traded hands, compared to its average volume of 41,312. The firm's 50 day simple moving average is $177.08 and its two-hundred day simple moving average is $165.99. DBS Group has a 1-year low of $109.33 and a 1-year high of $194.00.

Wall Street Analysts Forecast Growth

Separately, Phillip Securities raised DBS Group to a "strong-buy" rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Strong Buy".

DBS Group Company Profile

DBS Group OTCMKTS: DBSDY is a Singapore-based financial services group headquartered in Marina Bay, Singapore. Established in 1968 as the Development Bank of Singapore, the group has grown into one of the region's largest banks, offering a broad range of banking and financial services to retail, corporate and institutional clients.

DBS's main business activities include consumer and private banking, corporate and investment banking, treasury and markets, securities brokerage, and asset and wealth management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.