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Danske Bank A/S (Adr) (DNKEY)
:DNKEY
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.43Last Year’s EPS
0.49Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 4.66%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant highlights in profit growth, strategic execution, and a positive credit rating change. However, it also acknowledged challenges such as subdued loan demand and asset finance income declines.Company Guidance
During Danske Bank's Q1 2024 earnings call, the executives provided detailed financial guidance and performance metrics. The bank reported a strong financial quarter with a net profit of DKK 5.6 billion, yielding a return on equity of 12.9%. The profit before tax rose by 8% compared to the same period last year, driven by an 11% increase in core banking income lines and an improved cost/income ratio of 45%. The bank maintained a robust capital position with a CET1 ratio of 18.5%, even after the full deduction of a DKK 5.5 billion share buyback program, which commenced in the first quarter. Furthermore, the bank reiterated its net profit outlook for 2024 of DKK 20 billion to DKK 22 billion. The executives highlighted that net interest income (NII) is expected to reach approximately DKK 37 billion for the full year, and they also provided insights into fee income trends, loan impairments, and strategic priorities, including the bank's focus on sustainability-linked finance and increasing assets under management. Despite a subdued housing market, the bank observed strong customer activity in savings and investment products and maintained a positive outlook on loan growth, expecting an eventual pick-up in demand aligned with anticipated rate cuts.Strong Profit Before Tax Growth
Profit before tax increased by 8% compared to the same period last year and by 4% compared to the preceding quarter.
Core Banking Income Increase
Core banking income lines increased by 11% compared to the same period last year, contributing to an improved cost/income ratio of 45%.
Net Profit and Return on Equity
Net profit for the first quarter was DKK 5.6 billion, with a return on equity of 12.9%.
Moody's Rating Upgrade
Danske Bank received a 2-notch upgrade from Moody's on long-term senior debt, highlighting enhanced structural resilience.
Improved Capital and Liquidity Position
Share buyback program of DKK 5.5 billion commenced, with DKK 1.2 billion worth of shares already repurchased. CET1 capital ratio stood at 18.5%.
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DNKEY 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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DNKEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $13.95 | $14.38 | +3.08% |
| Jul 19, 2024 | $13.90 | $14.94 | +7.48% |
| May 03, 2024 | $13.86 | $13.32 | -3.90% |
| Feb 02, 2024 | $12.48 | $13.45 | +7.77% |
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 Danske Bank A/S (Adr) (DNKEY) report earnings?
Danske Bank A/S (Adr) (DNKEY) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Danske Bank A/S (Adr) (DNKEY) earnings time?
Danske Bank A/S (Adr) (DNKEY) earnings time is at Feb 07, 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 DNKEY EPS forecast?
DNKEY EPS forecast for the fiscal quarter 2024 (Q4) is 0.43.
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