Analysts expect that ICICI Bank Ltd (NYSE:IBN) will report earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for ICICI Bank’s earnings. ICICI Bank posted earnings of $0.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 214.3%. The firm is expected to announce its next earnings report on Wednesday, January 29th.
On average, analysts expect that ICICI Bank will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.61. For the next year, analysts expect that the company will post earnings of $0.88 per share, with EPS estimates ranging from $0.78 to $0.99. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow ICICI Bank.
Separately, ValuEngine raised shares of ICICI Bank from a “strong sell” rating to a “sell” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.00.
Shares of NYSE IBN traded up $0.12 during trading hours on Monday, hitting $13.70. 209,586 shares of the stock were exchanged, compared to its average volume of 7,037,889. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day moving average is $12.42 and its 200 day moving average is $11.87. The firm has a market capitalization of $43.95 billion, a P/E ratio of 91.40 and a beta of 0.79. ICICI Bank has a one year low of $9.20 and a one year high of $13.70.
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, and other accounts; and fixed, recurring, and security deposits.
Recommended Story: Day Trading – Risk Worth the Reward?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ICICI Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank and related companies with MarketBeat.com's FREE daily email newsletter.