Woori Bank (WF) Expected to Announce Earnings on Friday

Key Points

• Woori Bank will report earnings before the market opens on Friday, April 24, with analysts expecting about $2.60 EPS and $1.9886 billion in revenue for the quarter.
• In the prior quarter the bank missed estimates, reporting $0.86 EPS versus $0.90 expected and revenue of $367.58 million well below forecasts, while analysts project roughly $8 EPS for the current and next fiscal year.
• Shares trade around $72.44 with a market cap of $17.72 billion and a PE of 8.35; the consensus rating is "Moderate Buy" amid recent mixed downgrades and relatively low institutional ownership (~3.4%).

Woori Bank (NYSE:WF - Get Free Report) will likely be posting its results before the market opens on Friday, April 24th. Analysts expect Woori Bank to post earnings of $2.60 per share and revenue of $1.9886 billion for the quarter.

Woori Bank (NYSE:WF - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The bank reported $0.86 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.04). Woori Bank had a net margin of 13.49% and a return on equity of 8.74%. The company had revenue of $367.58 million during the quarter, compared to analysts' expectations of $1.84 billion. On average, analysts expect Woori Bank to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Woori Bank Trading Up 1.9%

NYSE:WF opened at $72.44 on Friday. The business's 50-day moving average is $71.20 and its two-hundred day moving average is $61.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 1.13. Woori Bank has a 12 month low of $34.33 and a 12 month high of $84.71. The firm has a market capitalization of $17.72 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Woori Bank in a research report on Monday, December 29th. Zacks Research lowered Woori Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen lowered Woori Bank from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Institutional Trading of Woori Bank

Several large investors have recently modified their holdings of WF. Kestra Advisory Services LLC acquired a new stake in shares of Woori Bank during the fourth quarter valued at about $43,000. Smartleaf Asset Management LLC grew its stake in shares of Woori Bank by 551.7% during the second quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank's stock valued at $48,000 after acquiring an additional 833 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Woori Bank by 51.9% during the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank's stock valued at $51,000 after acquiring an additional 356 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Woori Bank by 3,282.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank's stock valued at $57,000 after acquiring an additional 1,116 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Woori Bank during the fourth quarter valued at about $72,000. 3.41% of the stock is currently owned by institutional investors and hedge funds.

About Woori Bank

Woori Bank Co, Ltd. NYSE: WF is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank's core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.

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