FY2027 EPS Estimates for ICICI Bank Cut by Erste Group Bank

ICICI Bank Limited (NYSE:IBN) – Equities research analysts at Erste Group Bank decreased their FY2027 earnings estimates for ICICI Bank in a research note issued on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now forecasts that the bank will post earnings per share of $1.68 for the year, down from their previous estimate of $1.70. The consensus estimate for ICICI Bank’s current full-year earnings is $1.66 per share. Erste Group Bank also issued estimates for ICICI Bank’s FY2028 earnings at $1.95 EPS.

ICICI Bank (NYSE:IBN) last announced its quarterly earnings data on Sunday, July 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. ICICI Bank had a net margin of 25.60% and a return on equity of 13.81%. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $3.32 billion.

IBN has been the subject of several other reports. Wall Street Zen upgraded shares of ICICI Bank from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings lowered ICICI Bank from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. The Goldman Sachs Group began coverage on ICICI Bank in a report on Friday, August 21st. They set a “buy” rating for the company. Zacks Research upgraded ICICI Bank from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Sanford C. Bernstein upgraded ICICI Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ICICI Bank Price Performance

Shares of NYSE:IBN opened at $30.38 on Tuesday. The stock has a market cap of $109.01 billion, a PE ratio of 19.23, a PEG ratio of 1.63 and a beta of 0.42. The company’s fifty day moving average is $29.67 and its 200 day moving average is $28.25. ICICI Bank has a 52 week low of $25.08 and a 52 week high of $33.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.57.

Hedge Funds Weigh In On ICICI Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in ICICI Bank by 855.2% in the fourth quarter. Larson Financial Group LLC now owns 831 shares of the bank’s stock valued at $25,000 after acquiring an additional 744 shares in the last quarter. Advisory Services Network LLC bought a new position in ICICI Bank in the 3rd quarter worth $25,000. Transamerica Financial Advisors LLC raised its holdings in ICICI Bank by 487.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,311 shares of the bank’s stock worth $39,000 after purchasing an additional 1,088 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of ICICI Bank in the 4th quarter worth about $39,000. Finally, Entrust Financial LLC purchased a new stake in shares of ICICI Bank in the 4th quarter worth about $49,000. Institutional investors own 18.18% of the company’s stock.

About ICICI Bank

ICICI Bank Limited is an Indian multinational banking and financial services company that provides a broad range of products and services to retail, corporate and institutional customers. The bank traces its origins to the Industrial Credit and Investment Corporation of India, founded in 1955, and was converted into a commercial bank during the 1990s as part of its evolution into a full-service financial institution. It is one of India’s largest private-sector banks and is listed in the United States as an American depositary receipt under the ticker IBN.

The bank’s core activities include retail banking (deposit accounts, consumer loans, mortgages, credit cards and payments), corporate and commercial banking (working capital, term lending, trade finance and cash management), and treasury operations.