Erste Group Bank (OTCMKTS:EBKDY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Erste Group Bank (OTCMKTS:EBKDYGet Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01, Zacks reports. Erste Group Bank had a net margin of 18.39% and a return on equity of 11.32%. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.48 billion.

Erste Group Bank Price Performance

Shares of EBKDY stock traded down $0.93 during trading on Friday, reaching $65.14. The company’s stock had a trading volume of 26,330 shares, compared to its average volume of 58,011. Erste Group Bank has a 1-year low of $45.19 and a 1-year high of $68.28. The stock’s 50-day moving average price is $63.88 and its 200 day moving average price is $60.66. The company has a market capitalization of $50.59 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 0.66 and a beta of 0.84.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EBKDY. Zacks Research cut shares of Erste Group Bank from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Erste Group Bank presently has an average rating of “Moderate Buy”.

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Erste Group Bank Company Profile

(Get Free Report)

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

Further Reading

Earnings History for Erste Group Bank (OTCMKTS:EBKDY)

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