Erste Group Bank AG earnings beat, Revenue misses in Q4

  • Investing.com
Erste Group Bank AG earnings beat, Revenue misses in Q4
Credit: © Reuters.

Investing.com - Erste Group Bank AG reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Erste Group Bank AG announced earnings per share of €1.1 on revenue of €1.93B. Analysts polled by Investing.com anticipated EPS of €0.8854 on revenue of €1.94B.

Erste Group Bank AG shares are down 21% from the beginning of the year and are trading at €32.325 , down-from-52-week-high.They are under-performing the ATX which is down 13.12% year to date.

Erste Group Bank AG shares lost 8.27% in intra-day trade the report.

Erste Group Bank AG follows other major Financial sector earnings this month

Erste Group Bank AG's report follows an earnings beat by Raiffeisen Bank on Wednesday, February 2, 2022, who reported EPS of €0.89 on revenue of €1.62B, compared to forecasts EPS of €0.6402 on revenue of €1.48B.

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