SoftBank Group (SFTBY) Projected to Post Earnings on Thursday

SoftBank Group (OTCMKTS:SFTBY) is expected to issue its results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.0689 per share and revenue of $12.2304 billion for the quarter.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. The company had revenue of $13.17 billion during the quarter, compared to analyst estimates of $12.54 billion. On average, analysts expect SoftBank Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoftBank Group Price Performance

Shares of SFTBY opened at $16.59 on Tuesday. The firm has a 50-day simple moving average of $20.07 and a two-hundred day simple moving average of $16.30. The stock has a market cap of $189.52 billion, a PE ratio of 5.73 and a beta of 1.87. SoftBank Group has a 1-year low of $9.68 and a 1-year high of $28.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SFTBY. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Finally, TD Cowen restated a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SoftBank Group currently has a consensus rating of “Hold”.

SoftBank Group Company Profile

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.