KBC Group (KBCSY) Projected to Post Quarterly Earnings on Thursday

KBC Group (OTCMKTS:KBCSY) is anticipated to post 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 issued its earnings results on Thursday, November 13th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.54 billion. KBC Group had a net margin of 15.91% and a return on equity of 13.96%. 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 Performance

Shares of OTCMKTS:KBCSY opened at $71.51 on Thursday. The firm has a market cap of $59.73 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.09 and a beta of 0.54. The firm’s 50 day simple moving average is $66.21 and its 200-day simple moving average is $61.30. KBC Group has a one year low of $37.92 and a one year high of $72.35.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KBCSY shares. Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Barclays cut shares of KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Monday, November 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of KBC Group in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.