SoftBank Group (SFTBY) Projected to Post Quarterly Earnings on Wednesday

SoftBank Group (OTCMKTS:SFTBY) is projected to announce its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of $0.1563 per share and revenue of $12.5437 billion for the quarter.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.44 billion. On average, analysts expect SoftBank Group to post $3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoftBank Group Trading Up 1.6%

Shares of SFTBY stock opened at $18.30 on Wednesday. The company has a 50 day moving average of $13.18 and a 200-day moving average of $14.54. The firm has a market cap of $209.05 billion, a P/E ratio of 8.44 and a beta of 1.70. SoftBank Group has a 12-month low of $6.25 and a 12-month high of $22.50. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research raised shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. TD Cowen raised shares of SoftBank Group to a “hold” rating in a report on Wednesday, April 1st. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Finally, Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating for the company. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SoftBank Group has a consensus rating of “Hold”.

About SoftBank Group

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.