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Barclays Plc (BCS)
NYSE:BCS
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
-$0.04Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 4.89%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall performance with significant achievements in cost efficiency, profit growth, and strategic acquisitions. Despite some challenges like currency impacts and leveraged finance losses, the positive highlights significantly outweighed the lowlights.Company Guidance
During the Barclays Q3 2024 Earnings Call, the company provided comprehensive guidance on several key financial metrics. The return on tangible equity (RoTE) was reported at 12.3% for the third quarter and 11.5% year-to-date, while the tangible book value increased by 0.35p per share year-on-year, reaching 3.51p. Total income for Q3 stood at GBP 6.5 billion, contributing to a year-to-date income of GBP 19.8 billion. The cost-to-income ratio was maintained at 61% both for the quarter and year-to-date, reflecting the benefits of cost control measures implemented in the previous year. The group reported a loan loss rate of 42 basis points year-to-date and 37 basis points for the quarter, with a CET1 ratio of 13.8%, comfortably within the target range of 13%-14%. Additionally, Barclays U.K. achieved a RoTE of 23.4% for the quarter and over 20% year-to-date, supported by stable deposit balances and encouraging lending trends. The company has also made strategic moves, such as the acquisition of Tesco Bank, expected to be completed by November 1st, and a GBP 750 million share buyback plan, progressing towards a targeted capital return of over GBP 10 billion by 2026.Strong Return on Tangible Equity
Return on tangible equity was 12.3% in the third quarter and 11.5% year-to-date, with Barclays U.K. achieving a RoTE of 23.4% for the quarter.
Solid Profit Growth
Profit before tax was GBP 2.2 billion, up 18% from GBP 1.9 billion in Q3 '23.
Cost Efficiency Achievements
Achieved GBP 300 million of gross cost savings in Q3, with a total of GBP 700 million in the first 9 months, on track for a target of GBP 1 billion for 2024.
Investment Banking Performance
Investment Banking fee income in dollars was up 67% year-on-year, with gains across all products, particularly a strong quarter in advisory, which was up 146%.
Improved Credit Performance
Impairment charges improved in the U.S. consumer bank, with a loan loss rate of 42 basis points year-to-date, and 37 basis points in the quarter.
Positive Strategic Moves
On track to complete the acquisition of Tesco Bank, expected to provide a strategic partnership with the U.K.'s largest retailer.
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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 |
|---|---|---|---|
| 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% |
| Feb 20, 2024 | $7.16 | $8.02 | +12.01% |
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 Feb 13, 2025, TBA Not Confirmed.
What is Barclays Plc (BCS) earnings time?
Barclays Plc (BCS) earnings time is at Feb 13, 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 2024 (Q4) is $0.28.
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