NatWest Group Earnings, Revenue beat in Q1 By Investing.com

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NatWest Group Earnings, Revenue beat in Q1

Apr 29, 2022 13:06

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Investing.com - NatWest (LON:NWG) Group reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

NatWest Group announced earnings per share of £0.075 on revenue of £3.03B. Analysts polled by Investing.com anticipated EPS of £0.0511 on revenue of £2.71B.

NatWest Group shares are down 5% from the beginning of the year and are trading at £214.00 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 7.55% from the start of the year.

NatWest Group shares lost 3.99% in intra-day trade the report.

NatWest Group follows other major Financial sector earnings this month

NatWest Group's report follows an earnings missed by HSBC on Tuesday, who reported EPS of £0.1109 on revenue of £9.94B, compared to forecasts EPS of £0.131 on revenue of £9.76B.

Lloyds Banking had beat expectations on Wednesday with first quarter EPS of £0.015 on revenue of £4.11B, compared to forecast for EPS of £0.0148 on revenue of £4.04B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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