Deutsche Bank AG Earnings: Here’s Why the Stock is Down Now
Deutsche Bank AG (NYSE:DB) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.51%.
Deutsche Bank AG Earnings Cheat Sheet
Revenue: Decreased 51.46% to $8.22 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Deutsche Bank AG reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0. It missed the average revenue estimate of $46.2 billion.
Quoting Management: Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We are delighted to be appointed as the depositary bank for Coca-Cola İçecek’s ADR program. We look forward to providing Coca-Cola İçecek with the highest level of service.”
Key Stats (on next page)…
Revenue decreased 48.67% from $16 billion in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate has moved up from a profit of $5.46 to a profit of $5.81 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)