Erste Group Bank Lowers Earnings Estimates for Volkswagen

Volkswagen AG Unsponsored ADR (OTCMKTS:VWAGY) – Equities researchers at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for shares of Volkswagen in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $2.53 per share for the year, down from their previous estimate of $2.54. The consensus estimate for Volkswagen’s current full-year earnings is $1.79 per share.

Several other research firms have also weighed in on VWAGY. Citigroup reaffirmed a “buy” rating on shares of Volkswagen in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Volkswagen in a 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 research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Volkswagen has an average rating of “Moderate Buy”.

Volkswagen Price Performance

Shares of VWAGY stock opened at $9.31 on Monday. The stock’s fifty day simple moving average is $8.77 and its 200 day simple moving average is $9.74. Volkswagen has a one year low of $8.07 and a one year high of $12.83. The firm has a market cap of $46.67 billion, a price-to-earnings ratio of 7.63, a P/E/G ratio of 0.41 and a beta of 1.07.

Volkswagen (OTCMKTS:VWAGY) last issued its earnings results on Friday, July 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.27). The company had revenue of $93.81 billion during the quarter, compared to analyst estimates of $92.92 billion. Volkswagen had a return on equity of 2.70% and a net margin of 1.68%.

About Volkswagen

Volkswagen AG is a German automotive company headquartered in Wolfsburg, Germany. Through its Volkswagen Group operations, the company develops, manufactures and sells passenger cars, commercial vehicles, trucks, buses, motorcycles and related mobility products. Its portfolio includes vehicles powered by internal combustion engines, hybrids and batteries, along with digital services and charging solutions.

The group’s major automotive brands include Volkswagen Passenger Cars, Audi, Škoda, SEAT, CUPRA, Porsche, Bentley, Lamborghini, Ducati and Volkswagen Commercial Vehicles.