ING Groep N.V. reports results for the quarter ended September 30 - Earnings Summary

• ING Groep N.V. INGA.AS reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of ten analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 65 cents to 71 cents per share.

• Revenue rose 5.6% to €6.23 billion from a year ago; analysts expected €6.30 billion.

• ING Groep N.V.'s reported EPS for the quarter was 65 cents​.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.3% in the last three months.​

• In the last 30 days, two 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," 5 "hold" and 1 "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 ING Groep N.V. is €35.00, about 15.9% above its last closing price of €29.45

This summary was machine generated from LSEG data October 29 at 08:37 a.m. UTC. ​All figures in euros 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)