Avanza Bank Holding AB (OSTO:AZA) Q3 2024 Earnings Report Preview: What To Look For

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6 days ago

Avanza Bank Holding AB (OSTO:AZA, Financial) is set to release its Q3 2024 earnings on Oct 18, 2024. The consensus estimate for Q3 2024 revenue is $941.22 million, and the earnings are expected to come in at $3.58 per share. The full year 2024's revenue is expected to be $3.77 billion and the earnings are expected to be $13.59 per share. More detailed estimate data can be found on the Forecast page.

Avanza Bank Holding AB (OSTO:AZA, Financial) Estimates Trends

Revenue estimates for Avanza Bank Holding AB (OSTO:AZA) have increased from $3.75 billion to $3.77 billion for the full year 2024, and declined from $3.84 billion to $3.80 billion for 2025 over the past 90 days. Earnings estimates for Avanza Bank Holding AB (OSTO:AZA) have increased from $13.49 per share to $13.59 per share for the full year 2024, and declined from $13.23 per share to $13.07 per share for 2025 over the past 90 days.

Avanza Bank Holding AB (OSTO:AZA, Financial) Reported History

In the previous quarter of June 30, 2024, Avanza Bank Holding AB's (OSTO:AZA) actual revenue was $929 million, which missed analysts' revenue expectations of $948.13 million by -2.02%. Avanza Bank Holding AB's (OSTO:AZA) actual earnings were $3.21 per share, which missed analysts' earnings expectations of $3.37 per share by -4.86%. After releasing the results, Avanza Bank Holding AB (OSTO:AZA) was down by -7.05% in one day.

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Avanza Bank Holding AB (OSTO:AZA, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 12 analysts, the average target price for Avanza Bank Holding AB (OSTO:AZA) is $247.58 with a high estimate of $310 and a low estimate of $191. The average target implies an upside of 8.07% from the current price of $229.10.

Based on GuruFocus estimates, the estimated GF Value for Avanza Bank Holding AB (OSTO:AZA, Financial) in one year is $271.80, suggesting an upside of 18.64% from the current price of $229.10.

Based on the consensus recommendation from 12 brokerage firms, Avanza Bank Holding AB's (OSTO:AZA, Financial) average brokerage recommendation is currently 3.1, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.