Brokers Offer Predictions for ICICI Bank FY2027 Earnings

ICICI Bank Limited (NYSE:IBN) – Research analysts at Erste Group Bank raised their FY2027 EPS estimates for ICICI Bank in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the bank will post earnings of $1.71 per share for the year, up from their prior forecast of $1.68. The consensus estimate for ICICI Bank’s current full-year earnings is $1.66 per share. Erste Group Bank also issued estimates for ICICI Bank’s FY2028 earnings at $1.97 EPS.

A number of other equities research analysts also recently commented on IBN. Sanford C. Bernstein raised ICICI Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group assumed coverage on ICICI Bank in a research report on Friday, August 21st. They set a “buy” rating on the stock. Zacks Research raised ICICI Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded ICICI Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

ICICI Bank Trading Down 0.6%

Shares of IBN opened at $28.84 on Friday. ICICI Bank has a fifty-two week low of $25.08 and a fifty-two week high of $33.03. The company has a market capitalization of $103.49 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.41. The stock has a fifty day moving average of $29.80 and a two-hundred day moving average of $28.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.03.

ICICI Bank (NYSE:IBN) last announced its earnings results on Sunday, July 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $3.32 billion. ICICI Bank had a net margin of 25.60% and a return on equity of 13.81%.

Institutional Trading of ICICI Bank

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in ICICI Bank by 855.2% in the fourth quarter. Larson Financial Group LLC now owns 831 shares of the bank’s stock valued at $25,000 after acquiring an additional 744 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of ICICI Bank in the 3rd quarter worth about $25,000. Transamerica Financial Advisors LLC lifted its stake in shares of ICICI Bank by 487.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,311 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,088 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of ICICI Bank in the 4th quarter valued at about $39,000. Finally, Entrust Financial LLC purchased a new stake in shares of ICICI Bank during the 4th quarter worth about $49,000. 18.18% of the stock is currently owned by institutional investors and hedge funds.

ICICI Bank Company Profile

ICICI Bank Limited (NYSE: IBN) is an Indian private-sector banking company headquartered in Mumbai, India. The bank provides a broad range of financial services to individuals, businesses and institutions through its branch network, digital platforms and other distribution channels.

Its offerings include savings and current accounts, deposits, personal and business loans, home and auto finance, credit and debit cards, payments, remittance services, investment products and wealth management.