Volkswagen (VWAGY) Expected to Release Quarterly Earnings on Thursday

Key Points

• Volkswagen is expected to report quarterly results before market open on Thursday, October 29, with analysts forecasting $0.33 in earnings per share and $88.04 billion in revenue.
• In its previous quarter, Volkswagen earned $0.30 per share, missing the $0.57 consensus estimate, while revenue of $93.81 billion exceeded expectations.
• Shares opened at $7.70, near their 52-week low of $7.38 and below both their 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus, though ratings include both upgrades and downgrades.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) is projected to issue its results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $0.33 per share and revenue of $88.04 billion for the quarter.

Volkswagen (OTCMKTS:VWAGY - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.27). Volkswagen had a net margin of 1.68% and a return on equity of 2.70%. The company had revenue of $93.81 billion during the quarter, compared to the consensus estimate of $92.92 billion. On average, analysts expect Volkswagen to post $1.76 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.

Volkswagen Stock Performance

OTCMKTS:VWAGY opened at $7.70 on Thursday. The stock's fifty day moving average is $8.47 and its 200 day moving average is $9.27. Volkswagen has a fifty-two week low of $7.38 and a fifty-two week high of $12.83. The firm has a market capitalization of $38.60 billion, a PE ratio of 6.43, a PEG ratio of 0.35 and a beta of 1.08.

Analyst Upgrades and Downgrades

VWAGY has been the subject of several analyst reports. Kepler Capital Markets lowered shares of Volkswagen from a "buy" rating to a "hold" rating in a report on Monday, September 21st. Zacks Research upgraded shares of Volkswagen from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. Citigroup reissued a "buy" rating on shares of Volkswagen in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Volkswagen in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Volkswagen Company Profile

Volkswagen AG is a Germany-based automotive company headquartered in Wolfsburg. Founded in 1937, the company has grown from the Volkswagen passenger-car brand into one of the world's largest automotive groups, serving customers across Europe, the Americas, Asia-Pacific, and other international markets.

The company develops, manufactures, and sells passenger cars, sport utility vehicles, performance vehicles, luxury automobiles, motorcycles, commercial vehicles, and related mobility services.

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