Wells Fargo & Co. (WFC) Scheduled to Post Quarterly Earnings on Friday
Wells Fargo & Co. (NYSE:WFC) is set to announce its Q313 earnings results on Friday, October 11th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $21.00 billion for the quarter.
Wells Fargo & Co. (NYSE:WFC) last released its earnings data on Friday, October 11th. The company reported $0.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.97 by $0.97. On average, analysts expect Wells Fargo & Co. to post $3.84 EPS for the current fiscal year and $4.00 EPS for the next fiscal year.
Shares of Wells Fargo & Co. (NYSE:WFC) opened at 40.36 on Thursday. Wells Fargo & Co. has a one year low of $31.25 and a one year high of $44.79. The stock’s 50-day moving average is $41.83 and its 200-day moving average is $40.7. The company has a market cap of $214.3 billion and a price-to-earnings ratio of 10.91.
A number of research firms have recently commented on WFC. Analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note to investors on Tuesday. On the ratings front, analysts at ISI Group initiated coverage on shares of Wells Fargo & Co. in a research note to investors on Tuesday. They set a “buy” rating on the stock. Finally, analysts at Macquarie downgraded shares of Wells Fargo & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. Two analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.31.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company.
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