Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Natwest Group Plc (NWG)
:NWG
Holding NWG?
Track your performance easily
Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.35Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: 6.69%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with upgraded guidance, significant lending growth, and sustainable funding achievements. However, concerns about impairment charges and expected lower income in Q4 present challenges.Company Guidance
During the NatWest Group Q3 2024 earnings call, the management upgraded their full-year guidance for income and returns, reflecting strong financial performance across various metrics. Over the first nine months, the group achieved customer lending growth of GBP 8.1 billion, bringing the total to GBP 367 billion, and contributed GBP 23.5 billion in climate and sustainable funding. Mortgage volumes improved, with the acquisition of a GBP 2.3 billion portfolio from Metro Bank. The bank's credit card market share increased from 8.5% to 9.3%, and customer deposits grew by GBP 8.3 billion to GBP 427 billion. Private Bank assets under management rose by GBP 5.7 billion to GBP 46.5 billion. For the period, NatWest generated an income of GBP 10.8 billion, with operating profit reaching GBP 4.7 billion and attributable profit amounting to GBP 3.3 billion. The return on tangible equity stood at 17%, and earnings per share increased by 12% to 38p. The CET1 ratio was 13.9%, supported by 197 basis points of capital generation. The bank anticipates full-year income of around GBP 14.4 billion and a return on tangible equity greater than 15%.Upgraded Full Year Income and Returns Guidance
NatWest Group upgraded its full year income and returns guidance, reflecting progress in strategic priorities and support to customers.
Broad-Based Customer Lending Growth
Customer lending grew by GBP 8.1 billion to GBP 367 billion, with notable contributions from corporate and commercial mid-market customers.
Climate and Sustainable Funding Achievements
GBP 23.5 billion of climate and sustainable funding provided, bringing the total to GBP 85.4 billion since July 2021.
Increased Share in Credit Cards
Credit card market share increased from 8.5% to 9.3%.
Strong Capital Generation and Earnings
Generated 197 basis points of capital in the first 9 months, with a CET1 ratio of 13.9% and earnings per share up 12% year-on-year.
Increased Assets Under Management
Private Bank assets under management increased by GBP 5.7 billion to GBP 46.5 billion, including GBP 2.2 billion of net new inflows.
Improved Return on Tangible Equity
Return on tangible equity was 18.3% in the third quarter.
---
NWG 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
---
NWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $9.57 | $9.49 | -0.84% |
| Jul 26, 2024 | $8.67 | $9.36 | +7.96% |
| Apr 26, 2024 | $7.25 | $7.70 | +6.21% |
| Feb 16, 2024 | $5.17 | $5.58 | +7.93% |
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.
---
FAQ
When does Natwest Group Plc (NWG) report earnings?
Natwest Group Plc (NWG) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Natwest Group Plc (NWG) earnings time?
Natwest Group Plc (NWG) earnings time is at Feb 14, 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 NWG EPS forecast?
NWG EPS forecast for the fiscal quarter 2024 (Q4) is 0.26.
---