Banco Santander Chile (NYSE:BSAC) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, BSAC is expected to report 3Q20 income of $ 0.26 per share from revenue of $ 645.69 million.
For the full year, analysts anticipate top line of $ 2626.16 million, while looking forward to income of $ 1.17 per share bottom line.
Previous Quarter Performance
Banco Santander Chile unveiled income for the second quarter of $ 0.22 per share, from the revenue of $ 538.84 million. The quarterly earnings contracted 59.26 percent while revenues shrunk 21.63 percent compared with the same quarter last year.
According to street consensus, BSAC was expected to report 2Q20 income of $ 0.35 per share from revenue of $ 667.11 million. The bottom line results missed street analysts by $ 0.13 or 37.14 percent, at the same time, top line results fell short of analysts by $ 128.27 million or 19.23 percent.
Stock Performance
Shares of Banco Santander Chile traded low $ -0.35 or -2.36 percent on Thursday, reaching $ 14.45 with volume of 629.80 thousand shares. Banco Santander Chile has traded high as $ 14.86 and has cracked $ 14.37 on the downward trend
According to the previous trading day, closing price of $ 14.45, representing a 29.48 % increase from the 52 week low of $ 11.43 and a 42.12 % decrease over the 52 week high of $ 25.57.
The company has a market capital of $ 6.91 billion and is part of the Financial Services sector and Banks – Regional – Latin America industry.
Conference Call
Banco Santander Chile will be hosting a conference call at 11:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.santander.cl
Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
