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UniCredit SpA (GB:0RLS)
LSE:0RLS
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.22Last Year’s EPS
1.11Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -3.03%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with record-breaking results, improved operational efficiency, and significant fee income growth. However, challenges in Germany's NPLs and potential NII reduction due to lower rates were noted. Strategic investments impacted capital but are expected to drive future growth.Company Guidance
During the Q3 2024 earnings call, UniCredit executives provided robust guidance underscoring their commitment to sustainable quality growth, highlighting several key metrics. The bank achieved a record-breaking return on tangible equity of 13%, with a CET1 ratio of approximately 23.3% and a net profit growth of 16% over the nine months and 8% in the quarter. UniCredit's net revenue increased by 5.4% to EUR 18.6 billion over the nine months, supported by a 7.2% rise in fee income. Despite macroeconomic challenges, the bank maintained a low cost of risk at 9 basis points for the nine months and improved its cost-to-income ratio by 2.5 percentage points year-on-year to 36.6%. The executives expressed confidence in maintaining a run rate of at least EUR 9 billion in net profit for both 2025 and 2026, highlighting the bank's strategic investments and geographical diversification as key drivers for future resilience and growth.Record-Breaking Results
UniCredit achieved record results in Q3 and over the past 9 months, with net profit 5x higher than 2021, return on tangible equity 3x higher, and organic capital generation 2x higher. The EPS increased by 31% over 9 months.
Operational Efficiency and Profitability
Cost-to-income ratio improved to 36.6%, 2.5 percentage points better than a year ago. The net revenue to RWA reached 8.9%, up circa 1 percentage point from a year ago.
Strong Fee Income Growth
Fee income grew by 7.2% over 9 months and an impressive 8.5% in the quarter year-on-year. The fee to revenue ratio stands at a top-tier 33%.
Capital Generation and Distribution
Record organic capital generation of EUR 10.1 billion over 9 months, supporting a CET1 ratio increase to 16.4% pre-investment.
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GB:0RLS 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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GB:0RLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | €47.13 | €45.70 | -3.04% |
| Nov 06, 2024 | €41.73 | €39.66 | -4.97% |
| Jul 24, 2024 | €38.00 | €38.13 | +0.35% |
| May 07, 2024 | €33.44 | €35.19 | +5.25% |
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 UniCredit SpA (GB:0RLS) report earnings?
UniCredit SpA (GB:0RLS) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is UniCredit SpA (GB:0RLS) earnings time?
UniCredit SpA (GB:0RLS) earnings time is at Feb 11, 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 UniCredit SpA stock?
The P/E ratio of UniCredit SpA is N/A.
What is GB:0RLS EPS forecast?
GB:0RLS EPS forecast for the fiscal quarter 2024 (Q4) is 1.22.
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