Erste Group Bank (EBKDY) Expected to Announce Earnings on Thursday

Erste Group Bank (OTCMKTS:EBKDY) is projected to issue its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $3.5296 billion for the quarter.

Erste Group Bank Stock Performance

Shares of EBKDY opened at $61.03 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15. The firm’s 50 day moving average is $61.82 and its 200-day moving average is $54.71. Erste Group Bank has a 12-month low of $29.50 and a 12-month high of $66.88. The stock has a market capitalization of $47.40 billion, a P/E ratio of 14.67, a P/E/G ratio of 0.60 and a beta of 0.85.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Citigroup raised Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Finally, Oddo Bhf cut shares of Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Erste Group Bank currently has an average rating of “Buy”.

Erste Group Bank Company Profile

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.