ING Groep N.V. is a global financial corporation, which is listed on the NYSE under the symbol ‘ING’. In terms of market capitalization, it stands at 51.1 bln USD as of today’s date (2 April 2021). Its stock price has been affected recently and is currently trading at 14.08 USD with a day low of 13.92 USD and day high of 14.11 USD.
Analyzing ING Groep N.V.’s revenue performance over the last 12 months can provide an indication of its financial condition. The company reported revenue of 4624 mln USD in February 2022 with no estimated revenue given at that time, followed by 4599 mln USD in May 2022 which was 1655 mln USD below estimate, 4681 mln USD in August 2022 which was in-line with estimate and finally 0 mln USD in November 2022 and February 2023 with respective estimates also at 0 mln USD.
These numbers suggest that ING Groep N.V.’s financial position may be weakening as its revenues have declined from 4624 to 0 within a span of one year despite being in-line or above estimates for periods before that time period. This could indicate lower customer demand and weak growth prospects, indicating that the company might be facing some financial difficulties at present or may face them in the coming future if the situation does not improve soon enough.
