How Unicredit’s accounts will go
Here are the forecasts of the 22 brokers who cover the Unicredit stock. The article by Emanuela Rossi
Numbers down compared to 2021 ago but which will tend to grow in the coming years. These are the forecasts of the 22 brokers who cover the Unicredit stock, collected and published by Piazza Gae Aulenti in view of the board of directors called to approve the accounts for the first quarter of 2022, scheduled for next May 4 (postponed from April 27). Analysts indicate a "buy" rating in 70% of cases and a "hold" rating in 30%; no one gives a "sell" rating. The 22 brokers – whose estimates and forecasts do not represent those of the institution and its management, specifies Unicredit – are: Autonomous, Banca Akros, Banco Sabadell, Bank of America Merrill Lynch, Barclays, Berenberg, Bestinver, Citi, Credit Suisse, Deutsche Bank, Equita, Exane BNP Paribas, Goldman Sachs, HSBC, Intermonte, Intesa Sanpaolo, Jefferies, JP Morgan, Keefe, Bruyette & Woods, Kepler, Mediobanca, Morgan Stanley, Oddo, Redburn, Santander, Société Générale, UBS. (Read also: All the French passions of Unicredit and Bnl for Worldline )
CONSENSUS UNICREDIT FIRST QUARTER 2022
From the consensus disclosed by Unicredit, it emerges that total revenues in the months January-March 2022 are expected at 4.421 billion and average net profit at 413 million. Gross operating profit fell compared to a year earlier to 2.007 billion (it was 2.272 billion in the first quarter of 2021, when Jean Pierre Mustier was CEO) and the net one to 1.360 billion (it was 2.105 billion). Operating costs are forecast at -2.414 billion and the pre-tax result at 663 million (it was at 1.207 billion in the first three months of last year).
CONSENSUS 2022
As regards the whole of 2022, the 22 brokers aim – for the bank led by Andrea Orcel – for total revenues of € 17.431 billion, an average net profit of € 2.599 billion, and operating costs of -9.707 billion. The gross operating profit is seen at 7.723 billion while the net one at 5.350 billion and the result before taxes at 3.982 billion. Earnings per share of € 1.20 and a dividend of 46 cents per share are expected.
CONSENSUS 2023-2025
Financial statements improve in the years to come with total revenues rising from 17.715 billion in 2023 to 18.131 billion in 2024 and then falling to 15.158 billion in 2025. A totally upward trend, however, due to the average net profit which would go from 3.648 billion to 4.288 billion billion to 4.478 billion, for gross operating profit (from 8.122 billion in 2023 to 8.840 billion in 2025) and for net operating profit (from 6.166 billion in 2023 to 6.848 billion in 2025).
Analysts expect a pre-tax result that will increase from 4.938 billion in 2023 to 5.870 billion in 2025 and operating costs that will go from -9.605 billion to -9.484 billion to -9.526 billion.
Obviously, the increase is also seen in earnings per share – which would go from 1.66 euros in 2023 to 2.56 euros in 2025 – and for the dividend – which would rise from 67 cents in 2023 to 1.16 euros in 2025. 2025.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/come-andranno-i-conti-di-unicredit/ on Mon, 25 Apr 2022 05:50:58 +0000.