Natixis reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Natixis announced earnings per share of €-0.08 on revenue of €1.75B. Analysts polled by anticipated EPS of €0.03 on revenue of €1.86B. That with comparison to EPS of €0.22 on revenue of €2.15B in the same period a year before. Natixis had reported EPS of €0.11 on revenue of €2.5B in the previous quarter. Analysts are expecting EPS of €0.07 and revenue of €1.94B in the upcoming quarter.
Natixis shares are down 47% from the beginning of the year , still down 59.96% from its 52 week high of €5.17 set on May 8, 2019. They are under-performing the STOXX 600 which is down 19.73% year to date.
Natixis follows other major Financial sector earnings this month
Natixis's report follows an earnings missed by Amundi on April 30, who reported EPS of €1.02 on revenue of €612M, compared to forecasts EPS of €1.03 on revenue of €618.38M.
Societe Generale had missed expectations on April 30 with first quarter EPS of €-0.57 on revenue of €5.17B, compared to forecast for EPS of €0.31 on revenue of €5.87B.
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