Erste Group Bank (EBKDY) Expected to Release Quarterly Earnings on Friday

Key Points

• Erste Group Bank is expected to report quarterly earnings before market open on Friday, August 7. Analysts forecast earnings of $1.43 per share and revenue of approximately $4.48 billion.
• In its previous quarterly report, the bank earned $1.44 per share, exceeding estimates by $0.01, while revenue reached $4.62 billion versus the $4.48 billion consensus forecast.
• Shares rose 2.0% to $66.07, near the company’s 52-week high, while analysts maintained a consensus “Moderate Buy” rating.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) is expected to issue its results before the market opens on Friday, August 7th. Analysts expect Erste Group Bank to announce earnings of $1.43 per share and revenue of $4.4842 billion for the quarter.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. On average, analysts expect Erste Group Bank to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Erste Group Bank Stock Up 2.0%

Shares of OTCMKTS:EBKDY opened at $66.07 on Friday. The company has a market cap of $51.32 billion, a PE ratio of 13.27, a P/E/G ratio of 0.65 and a beta of 0.84. Erste Group Bank has a fifty-two week low of $45.19 and a fifty-two week high of $68.28. The firm has a 50-day simple moving average of $63.72 and a 200 day simple moving average of $60.63.

Wall Street Analyst Weigh In

A number of brokerages have commented on EBKDY. Citigroup restated a "buy" rating on shares of Erste Group Bank in a research note on Wednesday. Zacks Research cut Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. The Goldman Sachs Group raised Erste Group Bank to a "strong-buy" rating in a report on Wednesday, July 8th. Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Erste Group Bank in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

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