Shinhan Financial Group Co Ltd (SHG) FY2024Q3 Earning Prediction
Shinhan Financial Group Co Ltd (SHG) is set to release its earnings performance on 10/25 ET in trading. Consensus forecasts predict a revenue of 3.79T and an earnings per share (EPS) of 1.74 for the . With Intellectia's exclusive AI algorithms, users can predict whether the earnings will beat or miss expectations before the report drops. Leverage this powerful tool to strategize and position your trades ahead of the earnings release!
Earnings Surprise Analysis
SHG Transcript
The earnings call summary presents mixed signals: stable NIM and credit costs are positive, but noninterest income and insurance profits declined. The Q&A reveals cautious optimism with plans for loan growth and shareholder returns, but uncertainties persist in asset quality and dividend policy. The lack of decisive guidance and management's vague responses contribute to a neutral sentiment, suggesting limited stock movement.
The earnings call summary indicates mixed results: strong brokerage commissions and trust fee income but sluggish credit card fee income and increased credit costs. The Q&A reflects cautious optimism with some uncertainties, particularly in regulatory impacts and stablecoin plans. Shareholder returns and capital management remain stable, and there's a proactive approach to loan growth. However, management's vague responses on certain issues suggest underlying uncertainties. Given these factors, a neutral sentiment is appropriate, as positive and negative elements are fairly balanced.
The earnings call presents a mixed picture. While there are positive aspects like an increase in interest income and shareholder return plans, there are also significant concerns such as declining non-interest income, increased competition, and unclear management responses in the Q&A. The optimistic guidance on credit costs and share buyback plans are offset by declining NIM and asset quality vigilance. These mixed signals suggest a neutral market reaction, with neither strong positive nor negative sentiment expected.
The earnings call summary shows mixed financial performance with positive growth in interest and noninterest income, but challenges in securities income and NIM stability. The Q&A highlights management's cautious approach, with uncertainties in real estate exposure and shareholder return timelines. Despite positive global business growth, the lack of clear guidance on margins and shareholder returns tempers optimism. Overall, the mixed results and management's cautious stance suggest a neutral stock price reaction over the next two weeks.
SHG Report
Frequently Asked Questions
What is the Shinhan Financial Group Co Ltd FY2024Q3 Earnings Release Date and Time?
Shinhan Financial Group Co Ltd (SHG) is scheduled to release its FY2024Q3 earnings report onOct 25, 2024, (approximately 4:00 PM ET). This timing allows investors to react during after-hours trading, with a conference call typically following shortly after.
What Are the Consensus Forecasts for Shinhan Financial Group Co Ltd FY2024Q3 Revenue and EPS?
Analysts' consensus predicts 3.79T in revenue and an EPS of 1.74 for Shinhan Financial Group Co Ltd's FY2024Q3.
What Does Intellectia's AI Predict for Shinhan Financial Group Co Ltd FY2024Q3 Earnings?
Intellectia's exclusive AI algorithms forecast a forShinhan Financial Group Co Ltd's FY2024Q3 earnings, with a prediction date of Oct 25, 2024. Shinhan Financial Group Co Ltd
How Can I Use This Earnings Prediction to Trade SHG Stock?
Leverage Intellectia's AI forecast to position trades ahead of theOct 25, 2024 release—consider calls for a beat scenario or protective puts for misses. Focus on pre-market volatility, and use the scenario probabilities to build strategies around revenue and guidance updates.
How Accurate Is Intellectia's AI for Earnings Predictions Like Shinhan Financial Group Co Ltd FY2024Q3?
Intellectia's predictions are backed by rigorous backtesting, showing a high hit rate for Beat and Miss calls compared to traditional analysis. While no forecast is 100% certain, we provide probability-based scenarios (e.g., 50% chance of a *Beat*) and detailed rationales to help you make informed decisions. Combine our insights with your strategy for the best results—it's like having a co-pilot for earnings season! Empowering users to strategize trades before reports drop.
How does AI Earnings Prediction generate its forecasts?
AI Earnings Prediction uses advanced Large Language Models (LLMs) to analyze a wealth of data, including past earnings transcripts, real-time market sentiment, analyst insights, and company news from the last three months. It focuses on key indicators like revenue, EPS, and margins to predict whether a company will *Beat*, *Miss*, or remain Neutral relative to market expectations. Think of it as a super-smart analyst crunching numbers and news 24/7 to give you a trading edge!
When are the predictions available, and how often are they updated?
Predictions are generated two days before a company’s earnings release (e.g., 5:00 PM ET on Feb 13 for a Feb 15 report) to capture the latest market and company data. They’re updated in real-time if significant news breaks, ensuring you get fresh insights.
Can I use AI Earnings Prediction for all types of stocks?
Currently, AI Earnings Prediction focuses on companies with market caps above $40 billion, covering major players like SPG, AAPL, MSFT, and NVDA for the 2025-2026 earnings seasons. We prioritize high-impact stocks with robust data to ensure reliable forecasts. Stay tuned as we expand coverage to more companies based on user demand!
