ICICI Bank FY2027 EPS Forecast Reduced by Erste Group Bank

ICICI Bank Limited (NYSE:IBN) – Equities researchers at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for shares of ICICI Bank in a report released on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now anticipates that the bank will post earnings per share of $1.68 for the year, down from their previous estimate of $1.70. The consensus estimate for ICICI Bank’s current full-year earnings is $1.66 per share. Erste Group Bank also issued estimates for ICICI Bank’s FY2028 earnings at $1.95 EPS.

ICICI Bank (NYSE:IBN) last released its quarterly earnings data on Sunday, July 19th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $3.32 billion. ICICI Bank had a net margin of 25.60% and a return on equity of 13.81%.

IBN has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of ICICI Bank in a research note on Friday, August 21st. They set a “buy” rating on the stock. Zacks Research raised shares of ICICI Bank from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings downgraded ICICI Bank from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Wall Street Zen raised ICICI Bank from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Sanford C. Bernstein upgraded ICICI Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ICICI Bank Price Performance

IBN opened at $30.38 on Tuesday. The company has a market capitalization of $109.01 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.63 and a beta of 0.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $29.67 and a 200-day moving average price of $28.25. ICICI Bank has a twelve month low of $25.08 and a twelve month high of $33.03.

Institutional Investors Weigh In On ICICI Bank

Several hedge funds have recently bought and sold shares of IBN. Formuepleje A S raised its position in shares of ICICI Bank by 0.3% during the 2nd quarter. Formuepleje A S now owns 2,243,252 shares of the bank’s stock valued at $65,122,000 after buying an additional 7,244 shares in the last quarter. HB Wealth Management LLC increased its stake in ICICI Bank by 33.5% in the second quarter. HB Wealth Management LLC now owns 14,710 shares of the bank’s stock valued at $427,000 after acquiring an additional 3,689 shares during the last quarter. Angeles Wealth Management LLC bought a new position in ICICI Bank in the second quarter valued at $215,000. Shah Wealth Advisors LLC purchased a new stake in ICICI Bank during the second quarter valued at about $330,000. Finally, MW Advisory LLC bought a new stake in ICICI Bank during the second quarter worth about $334,000. 18.18% of the stock is currently owned by institutional investors.

ICICI Bank Company Profile

ICICI Bank Limited is an Indian multinational banking and financial services company that provides a broad range of products and services to retail, corporate and institutional customers. The bank traces its origins to the Industrial Credit and Investment Corporation of India, founded in 1955, and was converted into a commercial bank during the 1990s as part of its evolution into a full-service financial institution. It is one of India’s largest private-sector banks and is listed in the United States as an American depositary receipt under the ticker IBN.

The bank’s core activities include retail banking (deposit accounts, consumer loans, mortgages, credit cards and payments), corporate and commercial banking (working capital, term lending, trade finance and cash management), and treasury operations.