Lloyds Banking Group PLC reports results for the quarter ended June 30 - Earnings Summary

• Lloyds Banking Group PLC LLOY reported quarterly adjusted earnings of 3 pence​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 2 pence. The mean expectation of four analysts for the quarter was for earnings of 2 pence per share. Wall Street expected results to range from 2 pence to 2 pence per share.

• Revenue rose 8.9% to £4.52 billion from a year ago; analysts expected £4.69 billion.

• Lloyds Banking Group PLC's reported EPS for the quarter was 2 pence​.

• The company reported quarterly net income of £1.41 billion.

• Lloyds Banking Group PLC shares had risen by 1.2% this quarter and gained 41.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 33.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Lloyds Banking Group PLC is GBp87.00, about 10.8% above its last closing price of GBp77.64

This summary was machine generated from LSEG data July 24 at 08:17 a.m. UTC. ​All figures in pounds 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)