Business
Banco Bradesco SA reports results for the quarter ended March 31 - Earnings Summary
Banco Bradesco SA reports results for the quarter ended March 31 - Earnings Summary
About this update from Banco Bradesco Sa
Banco Bradesco SA BMFBOVESPA:BBDC3 reported quarterly adjusted earnings of 51 centavos per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of 60 centavos per share. Wall Street expected results to range from 63 centavos to 62 centavos per share.Revenue fell 17.6% to R$18.40 billion from a year ago; analysts expected R$35.36 billion.Banco Bradesco SA's reported EPS for the quarter was 47 centavos.The company reported quarterly net income of R$5.18 billion.Banco Bradesco SA shares had risen by 1.9% this quarter and gained 7.7% so far this year.FORECAST CHANGESThe mean earnings estimate of analysts had risen by about 4.3% in the last three months.In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.RECOMMENDATIONSThe current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"Wall Street's median 12-month price target for Banco Bradesco SA is R$24.00, about 19.7% above its last closing price of R$19.27This summary was machine generated from LSEG data May 6 at 11:42 p.m. UTC. All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact )QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSEDMar. 31 20260.600.51MissedDec. 31 20250.590.62BeatJun. 30 20250.570.55MissedJun. 30 20250.570.59Beat