Grupo Financiero Banorte SAB de CV (GBOOY) to Release Earnings on Wednesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is expected to be issuing its resultson Wednesday, July 22nd. Analysts expect Grupo Financiero Banorte SAB de CV to post earnings of $1.58 per share and revenue of $2.2852 billion for the quarter.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its earnings results on Tuesday, April 21st. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.07). The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.39 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.08% and a net margin of 14.23%. On average, analysts expect Grupo Financiero Banorte SAB de CV to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of GBOOY stock opened at $51.69 on Monday. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $41.70 and a fifty-two week high of $62.89. The stock’s fifty day moving average price is $53.54 and its two-hundred day moving average price is $54.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $29.08 billion, a PE ratio of 9.11, a P/E/G ratio of 0.97 and a beta of 0.71.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Grupo Financiero Banorte SAB de CV currently has an average rating of “Hold”.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.