Wall Street brokerages expect that ICICI Bank Ltd (NYSE:IBN) will post earnings of $0.23 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for ICICI Bank’s earnings. ICICI Bank reported earnings per share of $0.07 in the same quarter last year, which would suggest a positive year-over-year growth rate of 228.6%. The company is scheduled to issue its next quarterly earnings results on Wednesday, January 29th.
According to Zacks, analysts expect that ICICI Bank will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.58. For the next financial year, analysts anticipate that the company will report earnings of $0.88 per share, with EPS estimates ranging from $0.78 to $0.99. Zacks’ EPS calculations are an average based on a survey of research firms that cover ICICI Bank.
Separately, ValuEngine raised shares of ICICI Bank from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. ICICI Bank currently has an average rating of “Hold” and an average price target of $12.00.
IBN traded up $0.78 during trading on Wednesday, reaching $14.77. The company had a trading volume of 7,099,656 shares, compared to its average volume of 7,010,590. The business’s fifty day moving average price is $13.27 and its 200 day moving average price is $12.18. 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 has a market cap of $47.02 billion, a P/E ratio of 98.47 and a beta of 0.80. ICICI Bank has a 12 month low of $9.20 and a 12 month high of $14.78.
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.
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.