Erste Group Bank (EBKDY) Projected to Post Quarterly Earnings on Friday

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) is anticipated to post its results before the market opens on Friday, August 7th. Analysts expect Erste Group Bank to post earnings of $1.43 per share and revenue of $4.4842 billion for the quarter.

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. 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 during the quarter, compared to analysts’ expectations of $4.48 billion. On average, analysts expect Erste Group Bank to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

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Erste Group Bank Trading Up 3.4%

EBKDY opened at $70.19 on Thursday. The company has a market cap of $54.52 billion, a P/E ratio of 13.45, a PEG ratio of 0.68 and a beta of 0.85. The company’s 50 day moving average is $64.46 and its 200-day moving average is $60.81. Erste Group Bank has a 1-year low of $46.84 and a 1-year high of $70.19.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research lowered shares of Erste Group Bank from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup restated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on EBKDY

About Erste Group Bank

(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.

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