Banco Bradesco S.A. reports results for the quarter ended September 30 - Earnings Summary

• Banco Bradesco S.A. reported quarterly adjusted earnings of 66 centavos​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 59 centavos. The mean expectation of seven analysts for the quarter was for earnings of 67 centavos per share. Wall Street expected results to range from 64 centavos to 70 centavos per share.

• Revenue rose 101.6% to R$32.29 billion from a year ago; analysts expected R$37.77 billion.

• Banco Bradesco S.A.'s reported EPS for the quarter was 66 centavos​.

• The company reported quarterly net income of R$7.33 billion.

• Banco Bradesco S.A. shares had risen by 13.6% this quarter and gained 20.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Banco Bradesco S.A. is R$21.96, about 7.9% above its last closing price of R$20.22

This summary was machine generated from LSEG data October 22 at 11:09 p.m. UTC. ​All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)