Erste Group Bank (EBKDY) to Release 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) is expected to be announcing its earnings results before the market opens on Friday, August 1st. Analysts expect the company to announce earnings of $1.05 per share and revenue of $3.18 billion for the quarter.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.14). Erste Group Bank had a net margin of 16.22% and a return on equity of 10.31%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.21 billion. 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 Trading Up 0.3%

EBKDY stock traded up $0.15 on Tuesday, hitting $45.43. 19,188 shares of the company's stock traded hands, compared to its average volume of 70,019. The stock has a market cap of $37.30 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 0.91 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. The stock has a fifty day moving average of $42.05 and a 200-day moving average of $37.24.

Erste Group Bank Cuts Dividend

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

Wall Street Analyst Weigh In

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