Nordea Bank (NRDBY) Projected to Announce Quarterly Earnings on Thursday

Key Points

• Nordea Bank is expected to report quarterly results before the market opens Thursday, October 15. Analysts forecast earnings of $0.4049 per share on revenue of $3.3907 billion.
• In the prior quarter, Nordea exceeded estimates, reporting EPS of $0.42 versus the $0.40 consensus and revenue of $3.47 billion versus $3.41 billion expected.
• The stock was down 1.6% at $18.91, while analysts maintained an overall “Moderate Buy” rating, with one Strong Buy, three Buys, three Holds and one Sell.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) is expected to be posting its results before the market opens on Thursday, October 15th. Analysts expect the company to post earnings of $0.4049 per share and revenue of $3.3907 billion for the quarter.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last issued its earnings results on Thursday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. On average, analysts expect Nordea Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nordea Bank Stock Down 1.6%

NRDBY opened at $18.91 on Thursday. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18. Nordea Bank has a 12 month low of $16.06 and a 12 month high of $21.39. The stock has a market capitalization of $64.36 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.44 and a beta of 0.69. The business has a 50 day simple moving average of $20.21 and a 200-day simple moving average of $19.22.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup reiterated a "buy" rating on shares of Nordea Bank in a research report on Friday, July 17th. The Goldman Sachs Group restated a "neutral" rating on shares of Nordea Bank in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Nordea Bank in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Nordea Bank Company Profile

Nordea Bank Abp OTCMKTS: NRDBY is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.

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