Erste Group Bank (EBKDY) to Release Quarterly Earnings on Friday

Erste Group Bank (OTCMKTS:EBKDY) is expected to be releasing its results before the market opens on Friday, August 7th. Analysts expect the company to announce earnings of $1.43 per share and revenue of $4.4842 billion for the quarter.

Erste Group Bank (OTCMKTS:EBKDY) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating 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 business had revenue of $4.62 billion during the quarter, compared to the consensus estimate 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.

Erste Group Bank Stock Up 2.0%

Shares of EBKDY opened at $67.85 on Wednesday. The business’s 50 day moving average price is $64.24 and its 200-day moving average price is $60.74. Erste Group Bank has a 52 week low of $46.84 and a 52 week high of $68.39. The stock has a market cap of $52.70 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.66 and a beta of 0.85.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research cut Erste Group Bank from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Finally, The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Erste Group Bank

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.