Erste Group Bank Reduces Earnings Estimates for Volkswagen

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) – Equities researchers at Erste Group Bank cut their FY2027 earnings per share estimates for shares of Volkswagen in a research note issued to investors on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings of $2.52 per share for the year, down from their previous estimate of $2.62. The consensus estimate for Volkswagen’s current full-year earnings is $1.86 per share.

A number of other research analysts also recently weighed in on VWAGY. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a research report on Monday, July 27th. Finally, Zacks Research cut Volkswagen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Volkswagen currently has an average rating of “Moderate Buy”.

Volkswagen Stock Up 0.3%

Shares of VWAGY stock opened at $8.80 on Monday. The company’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $10.30. The firm has a market cap of $44.11 billion, a PE ratio of 7.21, a P/E/G ratio of 0.37 and a beta of 1.06. Volkswagen has a 12 month low of $8.07 and a 12 month high of $12.83.

Volkswagen (OTCMKTS:VWAGY) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.27). Volkswagen had a return on equity of 2.74% and a net margin of 1.68%.The business had revenue of $93.81 billion for the quarter, compared to the consensus estimate of $92.92 billion.

Volkswagen Company Profile

Volkswagen AG is one of the world’s largest integrated automakers, headquartered in Wolfsburg, Germany. Founded in 1937 to produce a mass-market “people’s car,” the company expanded through the post-war period into a global automotive group. Volkswagen’s operations encompass the design, engineering, manufacture and distribution of a broad range of passenger cars and light commercial vehicles, and the company’s consolidated brand portfolio includes Volkswagen Passenger Cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini and other marques operated across its group structure.

In addition to vehicle production, Volkswagen provides a range of automotive-related products and services, including powertrain technologies, component manufacturing, mobility services and vehicle financing and leasing through its Volkswagen Financial Services unit.