Preview: Deutsche Bank's Earnings
Portfolio Pulse from Benzinga Insights
Deutsche Bank (NYSE:DB) is expected to release its quarterly earnings report on February 1, 2024, with an estimated EPS of $0.34. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Deutsche Bank's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.09, leading to a 1.2% stock price increase the following day. Over the last year, DB shares have risen by 4.77%, trading at $13.12 as of January 30.
January 31, 2024 | 2:01 pm
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POSITIVE IMPACT
Deutsche Bank is anticipated to report quarterly earnings with investors focusing on an earnings beat and forward guidance. Historical data shows stock sensitivity to earnings outcomes.
Given the historical sensitivity of Deutsche Bank's stock price to earnings performance and guidance, a positive report exceeding the $0.34 EPS estimate could lead to a short-term price increase. The stock has shown to react to both earnings outcomes and forward-looking statements, as seen in the last quarter with a 1.2% rise following an earnings beat. The year-to-date positive performance may also contribute to a bullish sentiment among investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100