What is Erste Group Bank's Forecast for ENI FY2026 Earnings?

Key Points

• Erste Group Bank raised ENI’s FY2026 earnings forecast to $6.47 per share from $6.36, slightly below the broader consensus estimate of $6.50.
• ENI exceeded quarterly expectations, reporting $2.13 EPS versus the $1.87 consensus and revenue of $29.49 billion compared with estimates of $25.89 billion.
• Analyst sentiment remains favorable, with ENI holding a “Moderate Buy” consensus rating and an average price target of $58.45; the company also increased its quarterly dividend to $0.6335 per share, implying a 4.2% yield.

Eni SpA (NYSE:E - Free Report) - Equities research analysts at Erste Group Bank raised their FY2026 earnings estimates for shares of ENI in a report released on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the oil and gas exploration company will post earnings of $6.47 per share for the year, up from their previous forecast of $6.36. The consensus estimate for ENI's current full-year earnings is $6.50 per share.

ENI (NYSE:E - Get Free Report) last issued its earnings results on Friday, October 23rd. The oil and gas exploration company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.26. ENI had a net margin of 8.78% and a return on equity of 14.02%. The business had revenue of $29.49 billion during the quarter, compared to the consensus estimate of $25.89 billion.

A number of other research firms have also recently commented on E. Wall Street Zen raised shares of ENI from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Barclays reiterated an "overweight" rating on shares of ENI in a report on Monday, October 5th. Weiss Ratings raised shares of ENI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. The Goldman Sachs Group restated a "buy" rating on shares of ENI in a research note on Friday, September 11th. Finally, UBS Group reaffirmed a "buy" rating on shares of ENI in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.45.

ENI Stock Performance

Shares of NYSE E opened at $60.56 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $102.23 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.23 and a beta of 0.44. ENI has a 12 month low of $36.13 and a 12 month high of $62.16. The stock has a 50 day moving average of $55.74 and a 200-day moving average of $51.19.

Hedge Funds Weigh In On ENI

Institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new stake in ENI in the 1st quarter worth about $63,334,000. Optiver Holding B.V. acquired a new position in shares of ENI during the 1st quarter worth approximately $6,586,000. TD Waterhouse Canada Inc. bought a new position in shares of ENI during the third quarter worth approximately $4,222,000. Quantinno Capital Management LP increased its holdings in shares of ENI by 13.2% during the first quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company's stock worth $25,698,000 after purchasing an additional 52,901 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of ENI by 35.3% in the first quarter. QRG Capital Management Inc. now owns 133,035 shares of the oil and gas exploration company's stock valued at $7,531,000 after buying an additional 34,738 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be issued a dividend of $0.6335 per share. This is an increase from ENI's previous quarterly dividend of $0.6276. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, November 24th. ENI's payout ratio is 28.92%.

ENI Company Profile

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.

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