Erste Group Bank (EBKDY) Expected to Release Quarterly Earnings on Friday

Key Points

• Erste Group Bank is expected to report quarterly earnings before the market opens Friday, October 30. Analysts project earnings of $1.58 per share on $4.49 billion in revenue.
• In its previous quarter, the bank earned $1.44 per share, slightly exceeding estimates, while revenue of $4.62 billion surpassed forecasts of $4.48 billion.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Buy” rating. EBKDY recently traded at $58.73, below its 12-month high of $73.10.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) is projected to release its results before the market opens on Friday, October 30th. Analysts expect Erste Group Bank to announce earnings of $1.58 per share and revenue of $4.49 billion for the quarter.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. On average, analysts expect Erste Group Bank to post $5.89 EPS for the current fiscal year and $6.48 EPS for the next fiscal year.

Erste Group Bank Price Performance

OTCMKTS EBKDY opened at $58.73 on Friday. Erste Group Bank has a 12 month low of $47.40 and a 12 month high of $73.10. The stock has a market cap of $45.62 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.62 and a beta of 0.92. The company's 50 day moving average is $67.87 and its two-hundred day moving average is $64.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EBKDY shares. Citigroup reiterated a "buy" rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. The Goldman Sachs Group raised shares of Erste Group Bank to a "strong-buy" rating in a research note on Wednesday, July 8th. Oddo Bhf upgraded shares of Erste Group Bank from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Erste Group Bank in a research note on Monday, July 20th. Finally, Zacks Research raised shares of Erste Group Bank from a "strong sell" rating to a "hold" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe's major banking organizations.

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