NatWest Group PLC reports results for the quarter ended June 30 - Earnings Summary

• NatWest Group PLC NWG.L reported quarterly adjusted earnings of 20 pence​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 20 pence. The mean expectation of seven analysts for the quarter was for earnings of 19 pence per share. Wall Street expected results to range from 17 pence to 20 pence per share.

• Revenue rose 4% to £4.50 billion from a year ago; analysts expected £4.56 billion.

• NatWest Group PLC's reported EPS for the quarter was 19 pence​.

• The company reported quarterly net income of £1.53 billion.

• NatWest Group PLC shares had fallen by 7.7% this quarter and lost 2.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 NatWest Group PLC is GBp817.50, about 22.3% above its last closing price of GBp635.20

This summary was machine generated from LSEG data October 30 at 08:42 a.m. UTC. ​All figures in pounds 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)