Mizuho Financial Group Inc 8411.T reported quarterly adjusted earnings of JPY115.91 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of JPY114.14. The mean expectation of two analysts for the quarter was for earnings of JPY98.33 per share. Wall Street expected results to range from JPY88.80 to JPY107.85 per share.
Revenue rose 6.4% to JPY912.23 billion from a year ago; analysts expected JPY788.22 billion.
Mizuho Financial Group Inc's reported EPS for the quarter was JPY115.91.
The company reported quarterly net income of JPY290.52 billion.
Mizuho Financial Group Inc shares had risen by 9.8% this quarter and gained 13.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 7.2% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Mizuho Financial Group Inc is JPY4,750.00, about 5.6% above its last closing price of JPY4,482.00
This summary was machine generated from LSEG data July 31 at 02:50 p.m. UTC. All figures in yen unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)