Investing.com - Erste Group Bank AG (OTC:EBKDY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Erste Group Bank AG announced earnings per share of €0.55 on revenue of €2.50B. Analysts polled by Investing.com anticipated EPS of €0.52 on revenue of €1.7B. That with comparison to EPS of €0.88 on revenue of €1.77B in the same period a year before. Erste Group Bank AG had reported EPS of €0.58 on revenue of €1.86B in the previous quarter. Analysts are expecting EPS of €0.46 and revenue of €1.75B in the upcoming quarter.
Erste Group Bank AG shares are down 16.11% from the beginning of the year , still down 44.92% from its 52 week high of €36.09 set on May 3, 2019. They are outperforming the STOXX 600 which is down 18.35% year to date.
Erste Group Bank AG follows other major Financial sector earnings this month
Erste Group Bank AG's report follows an earnings missed by BAWAG on Monday, who reported EPS of €0.69 on revenue of €291.8M, compared to forecasts EPS of €0.96 on revenue of €300.78M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar