Lloyds Banking Group LYG is set to give its latest quarterly earnings report on Wednesday, 2023-07-26. Here's what investors need to know before the announcement.
Analysts estimate that Lloyds Banking Group will report an earnings per share (EPS) of $0.09.
Lloyds Banking Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Lloyds Banking Group's past performance and the resulting price change:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | ||||
| EPS Actual | 0.111 | 0.06 | 0.07 | 0.11 |
| Price Change % | -0.44% | 3.69% | -2.31% | -2.03% |
Stock Performance
Shares of Lloyds Banking Group were trading at $2.33 as of July 24. Over the last 52-week period, shares are up 5.41%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Lloyds Banking Group visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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