NatWest Group (RBSPF) Set to Announce Earnings on Friday

Key Points

• NatWest Group is expected to report earnings before the market opens on Friday, October 30. Analysts forecast quarterly earnings of $0.2547 per share and revenue of $6.17 billion.
• In its previous quarter, NatWest earned $0.27 per share on $5.97 billion in revenue, beating analyst estimates of $0.23 per share and $5.83 billion, respectively.
• The stock opened at $8.49, with a market capitalization of approximately $68.05 billion and a price-to-earnings ratio of 8.76. Keefe, Bruyette & Woods recently upgraded the shares to “moderate buy,” and the stock carries an overall “Buy” rating.

NatWest Group (OTCMKTS:RBSPF - Get Free Report) is anticipated to post its results before the market opens on Friday, October 30th. Analysts expect NatWest Group to announce earnings of $0.2547 per share and revenue of $6.17 billion for the quarter.

NatWest Group (OTCMKTS:RBSPF - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.83 billion. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.

NatWest Group Stock Performance

Shares of RBSPF stock opened at $8.49 on Friday. The stock has a fifty day moving average price of $9.05 and a 200 day moving average price of $8.64. The stock has a market cap of $68.05 billion, a PE ratio of 8.76 and a beta of 0.95. NatWest Group has a 1 year low of $6.75 and a 1 year high of $9.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of "Buy".

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country's retail, commercial and institutional banking markets.

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