Inter & Co Inc reports results for the quarter ended June 30 - Earnings Summary

• Inter & Co Inc INTR reported quarterly adjusted earnings of 71 centavos​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 47 centavos. The mean expectation of four analysts for the quarter was for earnings of 70 centavos per share. Wall Street expected results to range from 63 centavos to 73 centavos per share.

• Revenue rose 35.5% to R$2.00 billion from a year ago; analysts expected R$1.98 billion.

• Inter & Co Inc's reported EPS for the quarter was 71 centavos​.

• The company reported quarterly net income of R$315.13 million.

• Inter & Co Inc shares had fallen by 12.1% this quarter and gained 54.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% 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 "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Inter & Co Inc is $7.40, about 11.8% above its last closing price of $6.53

This summary was machine generated from LSEG data August 6 at 01:32 p.m. UTC. ​All figures in Brazilian reais 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)