Banco Bradesco (NYSE:BBD) is scheduled to announce its earnings results before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The firm had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $8.20 billion. Banco Bradesco had a return on equity of 17.44% and a net margin of 9.87%. On average, analysts expect Banco Bradesco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of BBD traded up $0.06 during midday trading on Tuesday, reaching $9.89. 1,413,238 shares of the company were exchanged, compared to its average volume of 9,020,383. The stock has a market cap of $73,629.40, a PE ratio of 11.11, a P/E/G ratio of 0.60 and a beta of 1.83. Banco Bradesco has a 1-year low of $7.83 and a 1-year high of $13.18.
A number of brokerages have commented on BBD. Zacks Investment Research cut Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. ValuEngine upgraded Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. JPMorgan Chase upgraded Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Finally, Citigroup upgraded Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $12.20.
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About Banco Bradesco
Banco Bradesco SA provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.
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