Nab Eyes May 4 Results as Earnings Reach $0.4427 a Share
nab is expected to post its quarterly results on Monday, May 4, with analysts looking for earnings of $0.4427 a share and revenue of $7.7749 billion. For shareholders, the date puts a firm clock on the next read on National Australia Bank’s lending, deposits and fee lines.
May 4 and $0.4427
$0.4427 per share is the earnings target analysts are using for the quarter, alongside $7.7749 billion in revenue. That combination gives investors a clean benchmark for whether the Melbourne-based bank is meeting expectations across its retail, small business, corporate and institutional businesses.
$14.24 was where the stock opened on Monday, below the $15.90 fifty day moving average and slightly under the $14.81 200 day moving average. The share price also sits between the $10.95 one year low and the $18.13 one year high, leaving the upcoming print to do the work of either extending the gap to that high or narrowing the distance to the recent average.
Ratings Around National Australia Bank
2 Strong Buy ratings, 1 Hold rating and 2 Sell ratings leave the stock with a consensus Hold rating and a $38.00 consensus price target. UBS Group raised the shares to a strong-buy rating on Tuesday, January 27th, and Macquarie Infrastructure did the same on Wednesday, January 21st, while Zacks Research cut the stock from strong-buy to hold on Tuesday, April 21st.
1.23 for both the quick ratio and current ratio points to the same short-term liquidity reading, while the debt-to-equity ratio stands at 2.88. For a bank of this size, those figures frame the balance sheet readers will want to line up against the earnings release, especially if the quarter shows pressure on funding, lending or capital use.
Melbourne Bank, 1982 Origins
National Australia Bank is one of Australia's largest banking groups and traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney. That history is background, but the near-term test is narrower: whether Monday’s report supports the current Hold stance or gives analysts reason to move their numbers again.
