Standard Chartered (SCBFF) Expected to Announce Quarterly Earnings on Thursday

Standard Chartered (OTCMKTS:SCBFF) will likely be issuing its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $4.9711 billion for the quarter.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion. On average, analysts expect Standard Chartered to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Standard Chartered Stock Performance

Shares of SCBFF opened at $19.35 on Wednesday. Standard Chartered has a 52 week low of $10.65 and a 52 week high of $20.01. The firm has a market cap of $45.16 billion, a P/E ratio of 10.69 and a beta of 0.74. The firm’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $17.12.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “neutral” rating on shares of Standard Chartered in a research report on Monday, September 22nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.