Credit Suisse (CS) Posts Quarterly Earnings, Misses Estimates By $0.33 EPS
Credit Suisse (NYSE:CS) announced its earnings results on Thursday. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.33, AR Network reports. The company had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company posted $0.17 earnings per share. Credit Suisse’s revenue was up 8.7% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Helvea downgraded shares of Credit Suisse to a “hold” rating in a research note to investors on Monday, January 13th. On a related note, analysts at Societe Generale initiated coverage on shares of Credit Suisse in a research note to investors on Tuesday, January 7th. They set a “hold” rating on the stock. Finally, analysts at UBS AG upgraded shares of Credit Suisse to a “positive” rating in a research note to investors on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.50.
Credit Suisse Group AG (NYSE:CS) is a global financial services company.
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