Analysts Estimate Report : What to Look Out for ING Groep (NYSE:ING)


Earnings results for ING Groep (NYSE:ING)

ING Group, N.V. is estimated to report earnings on 02/11/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.08. The reported EPS for the same quarter last year was $0.26.

ING Groep last posted its earnings data on November 5th, 2020. The financial services provider reported $0.23 earnings per share for the quarter. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.20 billion. ING Groep has generated $1.38 earnings per share over the last year and currently has a price-to-earnings ratio of 12.3. ING Groep has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, February 11th, 2021 based off prior year’s report dates.

Analyst Opinion on ING Groep (NYSE:ING)

9 Wall Street analysts have issued ratings and price targets for ING Groep in the last 12 months. Their average twelve-month price target is $7.00, predicting that the stock has a possible downside of 25.93%. The high price target for ING is $7.00 and the low price target for ING is $7.00. There are currently 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

ING Groep has received a consensus rating of Buy. The company’s average rating score is 2.89, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $7.00, ING Groep has a forecasted downside of 25.9% from its current price of $9.45. ING Groep has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: ING Groep (NYSE:ING)

ING Groep does not currently pay a dividend. ING Groep does not have a long track record of dividend growth.

Insiders buying/selling: ING Groep (NYSE:ING)

In the past three months, ING Groep insiders have not sold or bought any company stock. Only 3.27% of the stock of ING Groep is held by institutions.

Earnings and Valuation of ING Groep (NYSE:ING

Earnings for ING Groep are expected to grow by 50.00% in the coming year, from $0.72 to $1.08 per share. The P/E ratio of ING Groep is 12.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.86. The P/E ratio of ING Groep is 12.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.95. ING Groep has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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