KBC Group (KBCSY) Expected to Announce Quarterly Earnings on Thursday

KBC Group (OTCMKTS:KBCSY) is expected to be releasing its results before the market opens on Thursday, February 12th. Analysts expect KBC Group to post earnings of $1.40 per share and revenue of $3.6441 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings data on Thursday, November 13th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. KBC Group had a return on equity of 13.96% and a net margin of 15.91%.The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.54 billion. On average, analysts expect KBC Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBC Group Stock Down 1.8%

KBCSY stock opened at $71.77 on Wednesday. The business’s 50-day moving average price is $67.01 and its 200-day moving average price is $61.89. The stock has a market cap of $59.95 billion, a P/E ratio of 14.33, a PEG ratio of 1.10 and a beta of 0.54. KBC Group has a twelve month low of $38.90 and a twelve month high of $73.12.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research report on Monday, November 17th. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. Barclays downgraded shares of KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. Finally, Citigroup reissued a “neutral” rating on shares of KBC Group in a report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.