Erste Group Bank (EBKDY) Expected to Announce Earnings on Friday

Key Points

• Erste Group Bank is expected to announce its earnings on Friday, August 1st, with analysts forecasting $1.05 earnings per share and $3.18 billion in revenue for the quarter.
• In its last earnings report on April 30th, Erste missed expectations with an EPS of $0.96, falling short of the $1.10 consensus by $0.14.
• Erste recently cut its dividend, though it still provides a yield of 2.89% and has a dividend payout ratio of 30.31%.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Friday, August 1st. Analysts expect Erste Group Bank to post earnings of $1.05 per share and revenue of $3.18 billion for the quarter.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.14). The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.21 billion. Erste Group Bank had a net margin of 16.22% and a return on equity of 10.31%. On average, analysts expect Erste Group Bank to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Erste Group Bank Price Performance

EBKDY stock opened at $46.15 on Friday. The business has a 50 day simple moving average of $41.84 and a 200-day simple moving average of $36.93. The firm has a market capitalization of $37.89 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. Erste Group Bank has a 1 year low of $23.70 and a 1 year high of $46.36.

Erste Group Bank Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were given a $1.1657 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a dividend yield of 2.89%. Erste Group Bank's dividend payout ratio (DPR) is presently 30.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. UBS Group upgraded Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.

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