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Societe Generale (SCGLY)
:SCGLY
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 14.95%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, effective cost management, and significant increases in net income and capital ratios. However, challenges in Consumer Finance and the Mobility sector were noted. The group's strategic initiatives and positive developments in BoursoBank and Global Markets further contribute to a positive outlook.Company Guidance
During the Q3 2024 earnings call for Societe Generale (GLE.PA), the management provided comprehensive guidance on the company's financial performance and strategic initiatives. Revenues increased by 10.5% compared to Q3 2023, driven by a strong performance in French Net Interest Income (NII) and solid contributions from the Global Banking and Investor Solutions division. The cost-to-income ratio improved significantly, dropping to 63.3% from 70.3% the previous year, indicating enhanced efficiency. Operating income surged by nearly 40% year-over-year, with the group net income rising to EUR 1.4 billion, translating to a reported Return on Tangible Equity (ROTE) of 9.6%. The Common Equity Tier 1 (CET1) ratio also saw an increase of about 10 basis points, reaching 13.2%, aligning with the year-end targets. The bank's strategic plan is on track, focusing on capital buildup, efficiency, and profitability, with a strong emphasis on transforming and streamlining its business portfolio. The management reiterated their commitment to sustainable performance and value creation for shareholders, highlighting the successful integration of LeasePlan and the ongoing digitalization efforts within its European operations.Strong Revenue Growth
Revenues are up by 10.5% compared to Q3 '23 and by nearly 6% excluding a EUR 300 million positive one-off. A strong performance in French NII and Global Banking and Investor Solutions contributed to this growth.
Cost Management Success
Costs decreased by almost 1% in Q3 '24 compared to last year, achieving a cost-to-income ratio of 63.3%, 7 percentage points lower than in Q3 '23.
Significant Increase in Net Income
Group net income rose 4.6 times to EUR 1.4 billion, translating into a 9.6% reported ROTE.
Capital Strength
CET1 ratio increased by around 10 basis points to 13.2%, consistent with end-of-year targets, despite a challenging environment.
Positive Developments in BoursoBank
BoursoBank posted a positive net result for the second consecutive quarter, with a client base nearing 7 million.
Strong Performance in Global Markets
Global Markets revenues are up 9%, with equities showing the second-best Q3 ever, and fixed income revenues up 6%.
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SCGLY 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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SCGLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $5.15 | $5.73 | +11.26% |
| Aug 01, 2024 | $5.19 | $4.71 | -9.25% |
| May 03, 2024 | $5.40 | $5.15 | -4.63% |
| Feb 08, 2024 | $4.68 | $4.64 | -0.85% |
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 Societe Generale (SCGLY) report earnings?
Societe Generale (SCGLY) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Societe Generale (SCGLY) earnings time?
Societe Generale (SCGLY) earnings time is at Feb 06, 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 SCGLY EPS forecast?
SCGLY EPS forecast for the fiscal quarter 2024 (Q4) is 0.19.
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