Societe Generale Group (SCGLY) Projected to Announce Quarterly Earnings on Thursday

Key Points

• Societe Generale is expected to report quarterly results before the market opens Thursday, October 29. Analysts project earnings of $0.47 per share on $7.73 billion in revenue.
• In the prior quarter, the bank earned $0.50 per share, exceeding estimates of $0.39, while revenue reached $8.25 billion versus expectations of $8.03 billion.
• Shares opened at $13.98, below their 50-day and 200-day moving averages. Analysts collectively maintain a “Moderate Buy” rating, with one Strong Buy, three Buy, and five Hold recommendations.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) is expected to be releasing its results before the market opens on Thursday, October 29th. Analysts expect Societe Generale Group to post earnings of $0.47 per share and revenue of $7.73 billion for the quarter.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.03 billion. On average, analysts expect Societe Generale Group to post $1.82 EPS for the current fiscal year and $2.07 EPS for the next fiscal year.

Societe Generale Group Price Performance

OTCMKTS SCGLY opened at $13.98 on Thursday. The stock has a 50-day simple moving average of $16.33 and a 200 day simple moving average of $16.76. Societe Generale Group has a twelve month low of $12.17 and a twelve month high of $19.52. The stock has a market capitalization of $51.67 billion, a PE ratio of 8.07, a P/E/G ratio of 0.38 and a beta of 0.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.21 and a current ratio of 1.20.

Analyst Ratings Changes

Several brokerages have commented on SCGLY. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Societe Generale Group in a research report on Tuesday, September 22nd. Morgan Stanley reiterated an "overweight" rating on shares of Societe Generale Group in a report on Wednesday, September 2nd. Kepler Capital Markets raised Societe Generale Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Citigroup restated a "buy" rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. Finally, Keefe, Bruyette & Woods raised shares of Societe Generale Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Societe Generale Group currently has an average rating of "Moderate Buy".

About Societe Generale Group

Societe Generale Group is a France-based international banking group founded in 1864. Headquartered in the Paris region, the company serves individual customers, businesses, institutional investors and public-sector organizations through a network spanning France and international markets.

The group's activities include French retail banking, international retail banking and financial services, and global banking and investor solutions. Its offerings include deposit and lending products, payment services, insurance, consumer finance, vehicle leasing, private banking, corporate and investment banking, securities services, and asset management.

Societe Generale operates through established brands and subsidiaries in areas such as retail banking, mobility services and equipment finance.

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