Expectations trend
FY2028 · fiscal year ending 2028-03-31 · fmp
ICICI BANK LTD (IBN)
NYSEFinancialsBanks - RegionalSnapshot 2026-11-04
$32.53+4.06%
Close 2026-11-05 · 1-day change
NYSEFinancialsBanks - RegionalSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
187.02 → 198.74 EPS · FY ending Mar 31, 2028 · 3 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 3; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for IBN yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
capital raised via bond issue supports growth | It plans a $500 million bond issue, showing strong capital and growth potential. | Intact | bond issue delayed or fails to raise targeted capital | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-03-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a financial-sector exposure, but the available evidence does not support a clear label such as a durable compounder or a turnaround. The thesis state is insufficient, and confidence is low.
The snapshot provides no valuation or expectations data, so it is not possible to say whether IBN looks cheap, fair, or expensive versus peers. It also does not show what the market already assumes.
There is too little recent company-specific performance information to describe IBN’s multi-year fundamental trajectory. Near term, the recorded miss probability is low, but the snapshot flags a deep past miss and recent peer misses as risks.
Near-term sector conditions may depend on interest rates and earnings signals from HDB, USB, and PNC. Continued strong results and higher guidance from those peers would support sector momentum, while rate cuts or weaker peer results could weaken it; the evidence does not establish how strongly IBN would respond.
The 1-to-3-year view is unresolved: the available evidence points to moderate risk and a neutral sector backdrop, but lacks the company-specific results and valuation data needed for a firmer thesis. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in ICICI BANK LTD's published investment case. The stated target is >=10% YoY EPS growth. |
| Broken |
| YoY EPS growth falls below 10% in FY27 |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
impact of RBI SMS order on bank income | A supporting condition in ICICI BANK LTD's published investment case. The stated target is income impact contained below Rs 300 crore. | Intact | income impact exceeds Rs 300 crore and persists beyond 1 year | Qualitative condition This condition has no defined numerical measure. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
successful integration of Aseem Infrastructure Finance acquisition | The bank's strategic acquisitions like Aseem Infrastructure Finance boost its market position. | Intact | acquisition fails to contribute positively to earnings by FY27 | Qualitative condition This condition has no defined numerical measure. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$1.85 → $198.74 · observed estimates
$1570.12B → $1659.33B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $1.85 | $1,570,120,014,810 | 1 / 36 |
| 2026-07-25 | $183.01 | $1,558,568,117,207 | 2 / 19 |
| 2026-07-26 | $183.90 | $1,557,434,897,547 | 2 / 20 |
| 2026-07-27 | $1.85 | $1,570,940,122,520 | 1 / 37 |
| 2026-07-28 | $1.85 | $1,570,940,122,520 | 1 / 37 |
| 2026-07-29 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-07-30 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-07-31 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-01 | $183.92 | $1,557,725,265,459 | 2 / 20 |
| 2026-08-02 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-03 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-04 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-05 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-06 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-07 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-08 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-09 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-10 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-12 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-13 | $1.85 | $1,571,043,527,930 | 1 / 37 |
| 2026-08-14 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-15 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-16 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-17 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-18 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-19 | $183.76 | $1,551,826,578,941 | 2 / 20 |
| 2026-08-20 | $184.65 | $1,555,381,578,839 | 2 / 20 |
| 2026-08-21 | $184.68 | $1,555,381,578,839 | 2 / 20 |
| 2026-08-22 | $184.58 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-23 | $184.58 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-24 | $184.58 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-25 | $184.58 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-26 | $184.63 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-27 | $184.63 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-28 | $184.68 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-29 | $184.68 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-30 | $184.68 | $1,555,411,354,580 | 2 / 20 |
| 2026-08-31 | $184.68 | $1,555,411,354,580 | 2 / 20 |
| 2026-09-01 | $184.90 | $1,556,956,793,054 | 2 / 20 |
| 2026-09-02 | $184.90 | $1,556,956,793,054 | 2 / 20 |
| 2026-09-03 | $184.91 | $1,557,058,238,396 | 2 / 20 |
| 2026-09-04 | $184.91 | $1,557,058,238,396 | 2 / 20 |
| 2026-09-05 | $184.91 | $1,557,058,238,396 | 2 / 20 |
| 2026-09-06 | $184.91 | $1,557,058,238,396 | 2 / 20 |
| 2026-09-07 | $184.91 | $1,557,058,238,396 | 2 / 20 |
| 2026-09-08 | $185.15 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-09 | $185.15 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-10 | $185.15 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-11 | $185.15 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-12 | $185.20 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-13 | $185.20 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-14 | $185.20 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-15 | $185.20 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-16 | $185.46 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-17 | $185.46 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-18 | $185.45 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-19 | $185.45 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-20 | $185.23 | $1,558,652,396,523 | 2 / 20 |
| 2026-09-21 | $186.17 | $1,566,506,816,621 | 3 / 20 |
| 2026-09-22 | $186.00 | $1,565,091,384,666 | 3 / 20 |
| 2026-09-23 | $186.18 | $1,566,605,542,318 | 3 / 20 |
| 2026-09-24 | $186.18 | $1,566,588,633,497 | 3 / 20 |
| 2026-09-25 | $186.27 | $1,567,364,257,481 | 3 / 20 |
| 2026-09-26 | $186.24 | $1,567,159,715,291 | 3 / 20 |
| 2026-09-27 | $186.24 | $1,567,159,715,291 | 3 / 20 |
| 2026-09-28 | $186.57 | $1,569,861,308,537 | 3 / 20 |
| 2026-09-29 | $186.79 | $1,571,788,095,967 | 3 / 20 |
| 2026-09-30 | $186.78 | $1,571,502,473,433 | 3 / 20 |
| 2026-10-01 | $186.67 | $1,570,669,385,615 | 3 / 20 |
| 2026-10-02 | $186.89 | $1,572,001,740,453 | 3 / 20 |
| 2026-10-03 | $187.25 | $1,573,545,451,219 | 2 / 20 |
| 2026-10-04 | $186.96 | $1,571,794,983,632 | 2 / 20 |
| 2026-10-05 | $187.02 | $1,572,266,428,656 | 3 / 20 |
| 2026-10-06 | $187.23 | $1,572,266,428,656 | 3 / 20 |
| 2026-10-07 | $187.19 | $1,572,266,428,656 | 3 / 19 |
| 2026-10-08 | $187.14 | $1,573,217,270,959 | 3 / 19 |
| 2026-10-09 | $187.12 | $1,573,217,270,959 | 3 / 19 |
| 2026-10-10 | $187.22 | $1,572,148,836,419 | 3 / 18 |
| 2026-10-11 | $187.22 | $1,572,148,836,419 | 3 / 18 |
| 2026-10-12 | $187.27 | $1,572,575,531,781 | 3 / 18 |
| 2026-10-13 | $187.35 | $1,573,227,844,020 | 3 / 18 |
| 2026-10-14 | $187.27 | $1,575,100,097,585 | 3 / 18 |
| 2026-10-15 | $187.28 | $1,574,902,431,336 | 3 / 18 |
| 2026-10-16 | $187.20 | $1,574,717,404,424 | 3 / 18 |
| 2026-10-17 | $187.20 | $1,574,717,404,424 | 3 / 18 |
| 2026-10-18 | $187.29 | $1,574,717,404,424 | 3 / 18 |
| 2026-10-19 | $189.29 | $1,588,625,698,979 | 3 / 18 |
| 2026-10-20 | $196.94 | $1,644,190,211,633 | 3 / 19 |
| 2026-10-21 | $196.94 | $1,644,190,211,633 | 3 / 19 |
| 2026-10-22 | $196.93 | $1,644,195,312,943 | 3 / 20 |
| 2026-10-23 | $197.35 | $1,647,123,292,020 | 3 / 20 |
| 2026-10-24 | $197.70 | $1,650,007,649,805 | 3 / 20 |
| 2026-10-25 | $197.70 | $1,650,007,649,805 | 3 / 20 |
| 2026-10-26 | $197.70 | $1,650,007,649,805 | 3 / 20 |
| 2026-10-27 | $197.70 | $1,650,007,649,805 | 3 / 20 |
| 2026-10-28 | $197.70 | $1,650,007,649,805 | 3 / 20 |
| 2026-10-29 | $198.74 | $1,659,334,339,584 | 3 / 20 |
| 2026-10-30 | $198.74 | $1,659,334,339,584 | 3 / 20 |
| 2026-10-31 | $198.74 | $1,659,334,339,584 | 3 / 20 |
| 2026-11-01 | $198.74 | $1,659,334,339,584 | 3 / 20 |
| 2026-11-02 | $198.74 | $1,659,334,339,584 | 3 / 20 |
| 2026-11-03 | $198.74 | $1,659,334,339,584 | 3 / 20 |
| 2026-11-04 | $198.74 | $1,659,325,342,945 | 3 / 20 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 4 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.