KBC Group (KBCSY) Projected to Post Quarterly Earnings on Tuesday

Key Points

• KBC Group is expected to report quarterly results on Tuesday, May 12, with analysts projecting earnings of $0.84 per share and revenue of $3.7841 billion for the quarter.
• In the prior quarter KBC beat estimates (EPS $1.42 vs. $1.40 expected; revenue $3.73 billion vs. $3.64 billion expected), and analysts forecast about $6 EPS for the current fiscal year and $7 for the next.
• The stock trades around $65.42 with a market cap of $54.65 billion and a P/E of 13.19; consensus analyst rating is Hold (1 Buy, 4 Hold, 1 Sell), and the 12‑month range is $45.19–$73.12.

KBC Group (OTCMKTS:KBCSY - Get Free Report) is anticipated to post its resultson Tuesday, May 12th. Analysts expect KBC Group to post earnings of $0.84 per share and revenue of $3.7841 billion for the quarter.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. The business had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.64 billion. KBC Group had a net margin of 15.70% and a return on equity of 13.89%. On average, analysts expect KBC Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

KBC Group Price Performance

Shares of KBC Group stock traded up $0.82 during trading on Tuesday, hitting $65.42. 12,964 shares of the stock were exchanged, compared to its average volume of 30,932. The stock has a market cap of $54.65 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.60. The firm's 50-day moving average price is $64.71 and its 200 day moving average price is $64.67. KBC Group has a 12-month low of $45.19 and a 12-month high of $73.12.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Zacks Research cut shares of KBC Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 1st. Citigroup reaffirmed a "neutral" rating on shares of KBC Group in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of KBC Group in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, KBC Group currently has a consensus rating of "Hold".

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group's banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.

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