Home Earnings Preview What To Expect From Banco Bradesco Sa ($BBD) 3Q20 Earnings

What To Expect From Banco Bradesco Sa ($BBD) 3Q20 Earnings

Banco Bradesco Sa (NYSE:BBD) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.

Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.09 per share.

Looking ahead, the full year income are expected at $ 0.41 per share on the revenues of $ 17465.30 million.

Previous Quarter Performance

Banco Bradesco Sa recorded income for the second quarter of $ 0.44 per share, from the revenue of $ 4,529.00 million. The quarterly earnings increased 144.44 percent while revenues decreased 28.68 percent compared with the same quarter last year.
According to street consensus, BBD was expected to report 2Q20 income of $ 0.09 per share from revenue of $ 4762.00 million. The bottom line results beat street analysts by $ 0.35 or 388.89 percent, at the same time, top line results fell short of analysts by $ 233 million or 4.89 percent.

Stock Performance

Shares of Banco Bradesco Sa traded low $ -0.14 or -3.47 percent on Tuesday, reaching $ 3.90 with volume of 27.70 million shares. Banco Bradesco Sa has traded high as $ 4.06 and has cracked $ 3.88 on the downward trend

According to the previous trading day, closing price of $ 3.90, representing a 50.75 % increase from the 52 week low of $ 2.68 and a 56.65 % decrease over the 52 week high of $ 9.32.

The company has a market capital of $ 33.28 billion and is part of the Financial Services sector and Banks – Regional – Latin America industry.

Banco Bradesco S.A., together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.