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

KBC Group (OTCMKTS:KBCSY) is expected to announce its results before the market opens on Thursday, August 6th. Analysts expect KBC Group to post earnings of $1.59 per share and revenue of $3.8280 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last announced its earnings results on Tuesday, May 12th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.07). KBC Group had a return on equity of 13.15% and a net margin of 14.98%.The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. On average, analysts expect KBC Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

KBC Group Price Performance

Shares of OTCMKTS:KBCSY opened at $68.74 on Thursday. The business’s 50 day moving average price is $67.37 and its 200-day moving average price is $66.75. KBC Group has a 1 year low of $51.87 and a 1 year high of $73.12. The firm has a market capitalization of $57.42 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.90 and a beta of 0.60.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KBCSY. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a research report on Monday, July 20th. Zacks Research lowered shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Citigroup reissued a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, KBC Group currently has an average rating of “Hold”.

About KBC Group

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.