Grupo Financiero Banorte SAB de CV (GBOOY) Expected to Post Earnings on Wednesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is expected to be issuing its resultson Wednesday, July 22nd. Analysts expect Grupo Financiero Banorte SAB de CV to post earnings of $1.58 per share and revenue of $2.2819 billion for the quarter.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.39 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.08% and a net margin of 14.23%. On average, analysts expect Grupo Financiero Banorte SAB de CV to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of Grupo Financiero Banorte SAB de CV stock opened at $53.48 on Wednesday. Grupo Financiero Banorte SAB de CV has a 12 month low of $41.70 and a 12 month high of $62.89. The firm has a market capitalization of $30.09 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.97 and a beta of 0.71. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $53.79 and a two-hundred day simple moving average of $54.27.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Grupo Financiero Banorte SAB de CV presently has a consensus rating of “Hold”.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.