Standard Chartered (SCBFF) Projected to Post Quarterly Earnings on Thursday

Key Points

• Standard Chartered is expected to report its quarterly earnings on October 30th, with analysts predicting earnings of $0.40 per share and revenue of $4.9711 billion.
• In its previous earnings report on July 31st, the company exceeded expectations with earnings of $0.74 per share and a revenue of $5.51 billion.
• Currently, Standard Chartered holds a market cap of $42.94 billion and has an average analyst rating of "Hold" with a recent price target from Citigroup maintaining a "neutral" rating.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) is expected to announce its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $4.9711 billion for the quarter.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.14. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.07 billion. On average, analysts expect Standard Chartered to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Standard Chartered Stock Performance

Shares of SCBFF opened at $18.40 on Thursday. Standard Chartered has a 1 year low of $10.65 and a 1 year high of $20.01. The company has a market cap of $42.94 billion, a price-to-earnings ratio of 10.17 and a beta of 0.74. The firm has a fifty day moving average of $18.97 and a 200-day moving average of $16.86.

Analysts Set New Price Targets

Separately, Citigroup reissued a "neutral" rating on shares of Standard Chartered in a report on Monday, September 22nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Standard Chartered has an average rating of "Hold".

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.

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