WF Earnings Prediction
The chart below shows how WF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WF sees a -5.47% change in stock price 10 days leading up to the earnings, and a +1.87% change 10 days following the report. On the earnings day itself, the stock moves by +1.26%. This data can give you a slight idea of what to expect for the next quarter's release.
WF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.42B
11.59%
2.96%
Gross Margin
--
--
--
Operating Margin
35.95%
-16.02%
-7.68%
Net Margin
28.04%
-13.19%
-6.25%
EPS
0.86
-3.37%
-2.27%
No Data Available
WF Earnings Analysis
Woori Financial Group Inc. American Depositary Shares (each representing three (3) shares of Common Corporation (WF.N) Earnings Conference Call
Positive
Cumulative Net Income Growth: As of third quarter of 2024, Woori Financial Group's cumulative net income increased by 9.1% year-on-year reaching KRW 2.6591 trillion, surpassing last year's total annual performance by approximately KRW 150 billion in just three quarters.
Consistent Net Income Performance: The Group's net income for Q3 stood at KRW 903.6 billion which remained above the KRW 900 billion level for two consecutive quarters, exceeding market expectations.
ROE Performance Analysis: Thanks to strong revenue generation capabilities and stable cost management, the Group's ROE came in at 10.82%.
Cumulative Revenue Growth: As of Q3 2024, the Group's cumulative net operating revenue grew 6.6% year-on-year to KRW 7.9927 trillion, and on a quarterly basis to KRW 2.7122 trillion in line with the previous quarter.
Cash Dividend Approval: The Board of Directors on October 18 approved a cash dividend of KRW 181 per share which has been publicly disclosed.
Negative
Net Income Decline: The Group's net income for Q3 stood at KRW 903.6 billion which represents a slight decrease versus previous quarter.
Cumulative Credit Costs: The Group's cumulative credit costs amounted to KRW 1.2546 trillion with a credit cost ratio of 0.44%.
NPL Ratio Analysis: The NPL ratio was 0.21% for the Group, indicating a challenging asset quality environment.
Cumulative Revenue Growth: The Group's cumulative net operating revenue grew 6.6% year-on-year to KRW 7.9927 trillion, but quarterly results were in line with the previous quarter at KRW 2.7122 trillion.
NIM Decline Analysis: The Group's NIM for Q3 was 1.40%, declining by 7 basis points versus previous quarter.
WF FAQs
How does WF typically perform around its earnings report dates?
Is Woori Financial Group Inc. (WF) Q3 2024 Earnings Call Summary positive or negative?
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WF Earning Call Sentiment
Woori Financial Group Inc. (WF) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WF.N
-0.7%Positive
The earnings call highlights strong financial performance, with net income and non-interest income showing significant growth. The shareholder return plan, including dividend approval, is a positive indicator. Despite some uncertainties in market conditions and supply chain challenges, the group maintains a stable CET1 ratio and targets further improvements. The Q&A section reveals confidence in achieving financial targets, though some responses lacked clarity. Overall, the positive financial metrics and shareholder return announcements outweigh concerns, suggesting a positive stock price movement in the short term.
