Grupo Financiero Banorte SAB de CV (GBOOY) to Release Quarterly Earnings on Wednesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) is projected to post its results before the market opens on Wednesday, October 29th. Analysts expect Grupo Financiero Banorte SAB de CV to post earnings of $1.42 per share for the quarter.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.02). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $40.02 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 21.67% and a net margin of 13.01%. On average, analysts expect Grupo Financiero Banorte SAB de CV to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Grupo Financiero Banorte SAB de CV Trading Up 1.0%

Shares of GBOOY stock opened at $46.97 on Wednesday. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $30.00 and a fifty-two week high of $51.04. The stock's fifty day moving average price is $47.28 and its two-hundred day moving average price is $44.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $26.43 billion, a PE ratio of 8.83, a P/E/G ratio of 0.98 and a beta of 0.76.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.