Erste Group Bank Predicts Reduced Earnings for BNP Paribas

Key Points

• Erste Group Bank lowered its FY2027 EPS forecast for BNP Paribas to $7.58 from $7.66 on March 4, while the broader market consensus for the year stands at $5.02 per share.
• Analyst sentiment is mixed with an average rating of Hold—three analysts rate the stock Buy, four rate it Hold and one rates it Sell, amid several recent upgrades and downgrades.
• BNP Paribas recently beat quarterly EPS estimates ($1.46 vs. $1.34) and trades around $50.64 with a P/E of 8.57 and a market capitalization of about $111.6 billion.

BNP Paribas SA (OTCMKTS:BNPQY - Free Report) - Equities researchers at Erste Group Bank lowered their FY2027 earnings estimates for BNP Paribas in a report issued on Wednesday, March 4th. Erste Group Bank analyst S. Lingnau now forecasts that the financial services provider will post earnings per share of $7.58 for the year, down from their prior forecast of $7.66. The consensus estimate for BNP Paribas' current full-year earnings is $5.02 per share.

Several other brokerages also recently commented on BNPQY. Zacks Research downgraded shares of BNP Paribas from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods raised shares of BNP Paribas from a "hold" rating to a "moderate buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BNP Paribas in a report on Tuesday, February 17th. Citigroup reiterated a "buy" rating on shares of BNP Paribas in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of BNP Paribas in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

BNP Paribas Stock Performance

Shares of BNPQY opened at $50.64 on Monday. The company has a 50-day moving average of $52.42 and a two-hundred day moving average of $46.71. The stock has a market cap of $111.57 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.60 and a beta of 0.69. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80. BNP Paribas has a one year low of $34.77 and a one year high of $57.31.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.12. The business had revenue of $15.27 billion during the quarter, compared to analyst estimates of $15.27 billion. BNP Paribas had a return on equity of 9.18% and a net margin of 23.53%.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.

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