Societe Generale Group (SCGLY) to Release Earnings on Wednesday

Key Points

• Societe Generale is set to likely release quarterly results before the market opens on Wednesday, April 29, with analysts expecting $0.43 EPS and $8.36 billion in revenue for the quarter.
• In the prior quarter the bank reported $0.37 EPS, beating estimates, and analysts forecast about $2 EPS for both the current and next fiscal years.
• The stock trades around $16.66 with a market cap of $62.6B and a PE ratio ~9.8; its 12‑month range is $9.22–$18.30 and the consensus rating is Moderate Buy (6 Buy / 3 Hold / 1 Sell).

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) will likely be releasing its results before the market opens on Wednesday, April 29th. Analysts expect Societe Generale Group to post earnings of $0.43 per share and revenue of $8.3605 billion for the quarter.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.71%. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.77 billion. On average, analysts expect Societe Generale Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Societe Generale Group Price Performance

Shares of SCGLY opened at $16.66 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The stock's 50 day moving average is $16.04 and its two-hundred day moving average is $15.23. Societe Generale Group has a twelve month low of $9.22 and a twelve month high of $18.30. The firm has a market capitalization of $62.62 billion, a PE ratio of 9.80, a P/E/G ratio of 0.55 and a beta of 0.82.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Societe Generale Group in a report on Tuesday, February 17th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Societe Generale Group in a research report on Monday, February 9th. Zacks Research downgraded Societe Generale Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. Kepler Capital Markets lowered shares of Societe Generale Group from a "buy" rating to a "reduce" rating in a research report on Friday, January 9th. Finally, Keefe, Bruyette & Woods cut shares of Societe Generale Group from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France's largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group's core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.

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