Lloyds Banking Group (LYG) Expected to Announce Quarterly Earnings on Thursday

Lloyds Banking Group (NYSE:LYG - Get Free Report) is expected to be issuing its Q4 2024 quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $4.76 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $4.76 billion. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. On average, analysts expect Lloyds Banking Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lloyds Banking Group Stock Performance

NYSE LYG traded up $0.04 on Friday, reaching $3.37. The company had a trading volume of 11,327,619 shares, compared to its average volume of 15,105,750. The company's fifty day moving average is $2.90 and its 200-day moving average is $2.93. Lloyds Banking Group has a 1-year low of $2.25 and a 1-year high of $3.40. The firm has a market capitalization of $51.11 billion, a price-to-earnings ratio of 8.63 and a beta of 1.31.

Analyst Ratings Changes

Separately, Morgan Stanley cut shares of Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $2.75.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.