Industrial Commercial Bank of China is about to announce earnings — here's what Wall Street expects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Should l Buy ?
Source: Business Insider
Earnings Expectations: Industrial Commercial Bank of China is set to release its Q2 earnings on August 30, with analysts predicting earnings per share of CNY 0.245, down from HKD 0.260 in the same quarter last year.
Sales and Full-Year Forecast: Wall Street anticipates a significant decline in sales to CNY 205.71 billion, a decrease of 54.52% year-over-year, while full-year profit expectations stand at CNY 0.994 per share, recovering from a loss of CNY 1.08 per share last year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
