Is UBS Group AG (UBS) a 'Buy' Ahead of Q2 Earnings Announcement?

Switzerland-based UBS Group AG UBS is set to report second-quarter earnings results on Wednesday before the opening bell. Offering a host of financial-related services such as personal banking, investment advice and solutions, lending, wealth planning, and investment banking, UBS is currently a Zacks Rank #3 (Hold) stock.Ranked in the top 20 global banks by total assets, UBS exceeded its Q1 EPS mark back in May. First-quarter earnings per share of $0.52 marked a 126.1% earnings beat. But with earnings expected to plunge in the second quarter, is UBS stock a buy ahead of the announcement?UBS is expected to post a profit of $0.12/share, reflecting a -93.6% plunge versus the same quarter last year. Estimates for Q2 have been slashed by -45.5% over the past 60 days. Revenues are projected to rise 19.7% to $11.42 billion.The company remains on track to complete its integration of Credit Suisse by the end of 2026. But the bank’s escalating expense base is concerning as it exposes the company to operational risks. Our proprietary Zacks Model does not conclusively predict another earnings beat.Free Report – 3 Stocks Sneaking Into Hydrogen EnergyDemand for clean hydrogen energy is projected to reach $500 billion by 2030 and grow 5-FOLD by 2050. No guarantees, but three companies are quietly getting the jump on their competition.Zacks Investment Research is temporarily offering an urgent Special Report naming and explaining these emerging powerhouses primed to boom. Click below for Hydrogen Energy: 3 Industrial Giants to Ride the Next Renewable Energy Wave.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UBS Group AG (UBS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks