Equities research analysts predict that ICICI Bank Ltd (NYSE:IBN) will report earnings of $0.04 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for ICICI Bank’s earnings. ICICI Bank reported earnings of $0.10 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 60%. The business is expected to announce its next earnings results on Friday, October 26th.
According to Zacks, analysts expect that ICICI Bank will report full-year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.18 to $0.58. For the next financial year, analysts expect that the business will report earnings of $0.75 per share, with EPS estimates ranging from $0.73 to $0.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover ICICI Bank.
IBN has been the subject of several recent research reports. ValuEngine upgraded shares of ICICI Bank from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 24th. Goldman Sachs Group lowered shares of ICICI Bank from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, June 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.00.
Shares of NYSE:IBN opened at $9.51 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $31.30 billion, a P/E ratio of 44.41, a P/E/G ratio of 1.02 and a beta of 2.05. ICICI Bank has a 12-month low of $7.61 and a 12-month high of $11.26.
About ICICI Bank
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, other accounts; and fixed, recurring, and security deposits.
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