Shares of Bank Bradesco SA (BBD) soared 5.29% in pre-market trading on Thursday, following the release of its better-than-expected first-quarter 2025 earnings report. The Brazilian banking giant reported adjusted earnings per share (EPS) of 10 cents, surpassing the mean analyst estimate of 9 cents.
The Q1 results, released after market close on Wednesday, showed a significant improvement from the same quarter last year when the company reported EPS of 8 cents. Banco Bradesco's quarterly revenue also increased by 4.7% year-over-year to $3.82 billion, although this figure fell short of the $4.79 billion expected by analysts. The company's net income for the quarter reached $957.9 million.
Despite the revenue miss, investors appear to be focusing on the earnings beat and overall positive momentum. Prior to this announcement, Banco Bradesco SA shares had already risen by 5.4% this quarter and gained 23.0% year-to-date. The current average analyst rating on the shares is "hold," with a median 12-month price target of $2.55. As the market digests these results, it remains to be seen if this pre-market surge will translate into sustained gains during regular trading hours.
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