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Banco Santander (BCDRF)
OTHER OTC:BCDRF
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.18Last Year’s EPS
0.19Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 3.71%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with record profits, revenue growth, and improved efficiency across segments. However, challenges such as sensitivity to interest rates in Brazil, currency impacts in Argentina, and potential provisioning in the U.K. were noted.Company Guidance
In the third quarter of 2024, Santander reported robust financial performance, with a profit of €3.3 billion, a 12% increase from the same period in 2023, and a record €9.3 billion profit for the first nine months, up 14% year-on-year. The bank's efficiency improved by 229 basis points, boosting its Return on Tangible Equity (RoTE) to 16.2%. The balance sheet remains solid with a CET1 ratio at 12.5%, comfortably above the 12% target, even after Basel III implementation. Santander's strategic focus on simplification, automation, and leveraging global platforms has led to an increase in customer numbers to 171 million, contributing to strong revenue growth. Dividend per share rose by 14%, with a cash dividend per share projected to be 39% higher in 2024. Looking forward, Santander expects to meet and potentially exceed its 2024 targets, driven by high single-digit revenue growth, improving efficiency ratios, and a stable cost of risk at 1.14% year-to-date.Record Profit and Revenue Growth
The company reported a record profit of €3.3 billion for Q3, up 12% from Q3 2023, and €9.3 billion for the first nine months, a 14% increase. This growth was driven by strong customer revenue across regions and businesses.
Improved Efficiency and RoTE
Efficiency improved by 229 basis points, and RoTE increased to 16.2%. This was achieved through simplification, automation, and leveraging global platforms.
Strong Capital and Shareholder Returns
The balance sheet remained solid with a CET1 ratio of 12.5%. Dividend per share increased by 14%, and the cash dividend per share will be 39% higher in 2024.
Solid Performance Across Segments
All global businesses reported growth: retail and consumer improved efficiency and RoTE, CIB and payments saw product development success, and wealth management reported double-digit growth.
Positive Cost Management
Despite inflation, costs grew below revenue, showcasing the positive effects of transformation and operational leverage.
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BCDRF 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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BCDRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $4.85 | $4.86 | +0.10% |
| Jul 24, 2024 | $4.97 | $5.07 | +2.09% |
| Apr 30, 2024 | $5.05 | $4.92 | -2.48% |
| Jan 31, 2024 | $3.96 | $4.11 | +3.79% |
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 Banco Santander (BCDRF) report earnings?
Banco Santander (BCDRF) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Banco Santander (BCDRF) earnings time?
Banco Santander (BCDRF) earnings time is at Feb 05, 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 BCDRF EPS forecast?
BCDRF EPS forecast for the fiscal quarter 2024 (Q4) is 0.18.
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