KBC Group (KBCSY) to Release Quarterly Earnings on Thursday

KBC Group (OTCMKTS:KBCSY) is projected to announce its results before the market opens on Thursday, November 6th. Analysts expect the company to announce earnings of $1.37 per share and revenue of $3.5439 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.02. KBC Group had a return on equity of 14.18% and a net margin of 15.04%. On average, analysts expect KBC Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBC Group Trading Down 0.2%

OTCMKTS:KBCSY opened at $60.36 on Tuesday. KBC Group has a 1-year low of $35.43 and a 1-year high of $61.62. The business’s fifty day moving average price is $58.98 and its 200 day moving average price is $53.87. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.35 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KBCSY. Barclays lowered KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a research report on Wednesday, October 8th. Zacks Research lowered KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.