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Investec (ITCFY)
OTHER OTC:ITCFY
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: -13.58%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook with strong performance metrics, particularly in South Africa, and strategic investments. However, challenges remain in the UK due to high credit loss ratios and increased competition in the deposit market.Company Guidance
During the call, the company provided strong guidance, highlighting several key financial metrics for the six-month period ending September 30, 2024. Adjusted earnings per share (EPS) reached 39.5p, which is at the upper end of the guidance range provided in September. The company reported a return on equity (ROE) of 13.9%, aligning with the upgraded through-the-cycle range of 13% to 17%. Funds under management grew to GBP23.4 billion, with notable inflows of ZAR10 billion. The loan book increased by over 5% to GBP31.7 billion, and deposits also grew by just under 5% annualized to GBP40.4 billion. A dividend of 16.5p per share was declared, marking a 6.5% increase from the prior period. The cost-to-income ratio improved to just under 51%, with expectations to maintain it between 51% and 53% for the year. The credit loss ratio was 42 basis points, at the higher end of the expected range, with a geographic split showing lower ratios in South Africa compared to elevated levels in the UK. The company reiterated its full-year guidance with an ROE target of 14% and a return on tangible equity (ROTE) of 16%, underscoring its commitment to delivering solid financial performance amidst a challenging macroeconomic environment.Strong Adjusted Earnings Per Share
Adjusted earnings per share of 39.5p, which is at the upper end of the range.
Double-Digit Growth in Funds Under Management
The Wealth business in South Africa recorded a double-digit growth in funds under management to GBP23.4 billion.
Increase in Dividend
The Board approved a dividend of 16.5p, an increase of 6.5% over the prior period.
Strong South African Operating Profit
Adjusted operating profit in South Africa increased by 21.9%.
Positive ROE and ROTE
Return on equity of 13.9% and ROTE of 16.4%, aligning with full-year guidance.
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ITCFY 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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ITCFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $15.17 | $15.43 | +1.71% |
| May 23, 2024 | $13.34 | $12.59 | -5.62% |
| Nov 16, 2023 | $12.19 | $11.88 | -2.54% |
| May 18, 2023 | $9.82 | $10.14 | +3.26% |
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 Investec (ITCFY) report earnings?
Investec (ITCFY) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Investec (ITCFY) earnings time?
Investec (ITCFY) earnings time is at May 15, 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 ITCFY EPS forecast?
Currently, no data Available
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