Preview Of Banco Santander Brasil SA (NYSE:BSBR) 2Q20 Earnings

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Banco Santander Brasil SA (NYSE:BSBR) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.

Analysts surveyed by Thomson Reuters are predicting, BSBR to report 2Q20 income of $ 0.12 per share.

For the full year, analysts anticipate top line of $ 12345.30 million, while looking forward to income of $ 0.59 per share bottom line.

Previous Quarter Performance

Banco Santander Brasil SA revealed income for the first quarter of $ 0.11 per share, from the revenue of $ 2,585.00 million. Street analysts expected Banco Santander Brasil SA to report income of $ 0.19 per share on revenue of $ 3,650.00 million for the first quarter. The bottom line results missed street analysts by $ 0.08 or 42.11 percent, at the same time, top line results fell short of analysts by $ 1 million or 29.18 percent.

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Stock Performance

According to the previous trading day, closing price of BSBR was $ 5.80, representing a 57.18 % increase from the 52 week low of $ 3.69 and a 54.26 % decrease over the 52 week high of $ 12.68.

The company has a market capital of $ 21.12 billion and is part of the Financial Services sector and Banks – Regional – Latin America industry.

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Banco Santander (Brasil) S.A. provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking.