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Barclays PLC (DE:BCY)
XETRA:BCY
Holding DE:BCY?
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
>-0.01Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 22.84%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook for Barclays, with strong performance in key financial metrics such as RoTE, cost savings, and revenue growth across divisions. The strategic acquisition of Tesco Bank and upgrades in NII guidance reflect confidence in future growth. However, challenges such as currency impacts and specific segment issues like leveraged finance losses and U.S. consumer bank income declines were noted.Company Guidance
During the third quarter of 2024, Barclays demonstrated solid progress towards its strategic targets, achieving a return on tangible equity (RoTE) of 12.3% for the quarter and 11.5% year-to-date. The bank's total income reached £6.5 billion for Q3 and £19.8 billion year-to-date, supported by a structural hedge that bolstered the income profile. The cost-to-income ratio remained steady at 61%, and impairment charges improved, with a group loan loss rate of 42 basis points year-to-date and 37 basis points for the quarter. Barclays maintained a strong capital position with a CET1 ratio of 13.8%. The bank also announced an upgrade to its net interest income (NII) targets and showcased its UK business's robust performance, with a RoTE of 23.4% for the quarter. Additionally, Barclays achieved £300 million in cost savings this quarter, contributing to a total of £700 million in savings for the first nine months, as it works towards its £1 billion target for 2024.Strong Return on Tangible Equity (RoTE)
Barclays U.K. delivered a return on tangible equity of 23.4% for Q3 2024 and over 20% year-to-date.
Increased NII Guidance
Barclays upgraded its full year group net interest income (NII) to be greater than £11 billion and increased NII guidance for Barclays U.K. to circa £6.5 billion.
Investment Bank Performance
Investment Bank showed a RoTE of 8.8% with improved RWA and operational productivity, delivering positive cost-to-income jaws and improved market share.
Cost Efficiency Achievements
Barclays achieved a further £300 million of gross cost savings in Q3, making a total of £700 million for the first nine months, on track for the targeted £1 billion for 2024.
Completion of Tesco Bank Acquisition
Barclays is on track to complete the acquisition of Tesco Bank by November 1st, enhancing its distribution channels for unsecured lending and deposit businesses.
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DE:BCY 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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DE:BCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | €2.89 | €3.01 | +4.29% |
| Aug 01, 2024 | €2.73 | €2.60 | -4.72% |
| Apr 25, 2024 | €2.21 | €2.37 | +7.15% |
| Feb 20, 2024 | €1.69 | €1.83 | +8.52% |
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 (DE:BCY) report earnings?
Barclays PLC (DE:BCY) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Barclays PLC (DE:BCY) earnings time?
Barclays PLC (DE:BCY) 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 the P/E ratio of Barclays PLC stock?
The P/E ratio of Barclays is N/A.
What is DE:BCY EPS forecast?
DE:BCY EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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