NWG Earnings Prediction
The chart below shows how NWG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NWG sees a -0.87% change in stock price 10 days leading up to the earnings, and a +2.74% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
NWG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.92B
12.40%
7.92%
Gross Margin
--
--
--
Operating Margin
45.30%
30.89%
-9.74%
Net Margin
32.83%
19.12%
-4.03%
EPS
0.18
50.00%
5.88%
No Data Available
NWG Earnings Analysis
NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares) Corporation (NWG.N) Earnings Conference Call
Positive
Customer Lending Surge: Customer lending growth increased from GBP 8.1 billion to GBP 36.7 billion, driven by large corporate and commercial mid-market customers.
Sustainable Funding Progress: We provided GBP 23.5 billion of climate and sustainable funding, bringing the total to GBP 85.4 billion since July 2021, in reach of our GBP 100 billion 2025 target.
Mortgage Book Growth: Our existing mortgage book returned to growth in the third quarter as volumes and margins improved, making returns more attractive.
Income and Cost Overview: We generated income of GBP 10.8 billion for the first nine months, with costs at GBP 5.7 billion, remaining on track to meet our fully year guidance.
Operating Profit and Returns: Operating profit was GBP 4.7 billion, with attributable profit of GBP 3.3 billion and a return on tangible equity of 17%.
Negative
Customer Lending Decline: Customer lending growth decreased from GBP 8.1 billion to GBP 367 billion, indicating a significant drop in customer lending activity.
Operating Profit Decline: Operating profit before tax was GBP 1.7 billion, reflecting a decline compared to previous periods due to increased impairment charges of GBP 245 million.
Net Impairment Charge Increase: The net impairment charge for the third quarter was GBP 245 million, which is a significant increase from previous quarters, indicating rising credit risk.
Mortgage Market Recovery: The existing mortgage book returned to growth in the third quarter, but overall margins and volumes improved only slightly, suggesting underlying weaknesses in the market.
Government Shareholding Reduction: The government reduced its shareholding from 38% at the start of the year to under 16%, indicating a significant divestment that may impact future capital strategies.
NWG FAQs
How does NWG typically perform around its earnings report dates?
Is NatWest Group plc (NWG) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
NWG Earning Call Sentiment
NatWest Group plc (NWG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NWG.N
0.95%Positive
The earnings call presents strong financial metrics, including a 17% return on tangible equity and increased income. Despite some unclear responses in the Q&A, the upgraded income guidance and positive shareholder returns are notable. The raised guidance and strategic growth initiatives, such as the acquisition of a mortgage portfolio, support a positive outlook. However, the lack of clarity on certain capital targets and rate cut impacts slightly tempers enthusiasm. Overall, the financial performance and strategic initiatives suggest a positive stock price movement over the next two weeks.