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Barclays Plc (BCS)
NYSE:BCS
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.57Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -1.43%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with Barclays achieving key financial and strategic targets for 2024, showing strong credit performance, and making significant progress in high-return divisions. However, challenges remain in improving investment bank returns and managing regulatory and inflationary pressures.Company Guidance
During the Full-Year 2024 Results and Progress Update, Barclays provided detailed guidance on various financial metrics. They achieved a return on tangible equity (RoTE) of 10.5%, meeting their target of greater than 10%. The bank announced £3 billion in capital distributions, including £1.2 billion in dividends, which facilitated a 5% increase in dividends per share to 8.4p, and £1.75 billion in buybacks, with £1 billion announced and expected to be initiated shortly. Barclays reported a top-line growth of £1.4 billion or 6% year-on-year, with a cost-to-income ratio of 62%, better than their guidance of approximately 63%. Their loan loss rate of 46 basis points was below the targeted range of 50 to 60 basis points. Efficiency initiatives resulted in £300 million in gross savings in Q4, achieving the £1 billion target for 2024. Barclays U.K. delivered a RoTE of 23%, while the Investment Bank improved RoTE from 7% to 8.5%. The U.S. consumer bank saw improved returns, with RoTE increasing to 9% from 4%. The bank remains focused on executing its three-year plan to achieve a RoTE greater than 12% by 2026, with a target of distributing at least £10 billion to shareholders over the plan's duration.Successful Execution of Financial Targets
Barclays achieved all of its financial targets for 2024, including a return on tangible equity of 10.5%, a £3 billion capital distribution, and a cost-to-income ratio of 62%.
Growth in High-Return Divisions
Barclays U.K. delivered a 23% return on tangible equity, and the acquisition of Tesco Bank is expected to leverage new strategic relationships and customer growth.
Strong Credit Performance
The group reported a loan loss rate of 46 basis points for the year, below the target range of 50 to 60 basis points, indicating robust credit management.
Positive Revenue Growth
Group income grew by £1.4 billion or 6% year-on-year during 2024, supported by structural hedge benefits and balance sheet growth.
Improvement in the U.S. Consumer Bank
The U.S. consumer bank's return on tangible equity improved to 9% from 4%, driven by normalized impairment charges and operational enhancements.
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BCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $15.39 | $14.54 | -5.52% |
| Oct 24, 2024 | $12.47 | $13.18 | +5.69% |
| Aug 01, 2024 | $11.77 | $11.17 | -5.10% |
| Apr 25, 2024 | $9.48 | $10.23 | +7.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Barclays Plc (BCS) report earnings?
Barclays Plc (BCS) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Barclays Plc (BCS) earnings time?
Barclays Plc (BCS) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BCS EPS forecast?
BCS EPS forecast for the fiscal quarter 2025 (Q1) is 0.57.
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