US Bancorp Earnings Preview: Analysts Expect Higher EPS, Revenue
US Bancorp (NYSE: USB) announces its next round of earnings this Wednesday, October 19, 2011. Here is Benzinga's everything-that-matters guide for this Wednesday's third quarter earnings announcement.
Earnings and Revenue:
Wall Street expects an EPS of 61 cents/share and revenues of $4.7 billion. US Bancorp's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 45 cents/share on revenues of $4.59 billion. We'll have to wait for Wednesday to see if US Bancorp reports higher EPS and a slight increase in revenue from the year-ago quarter, as analysts are expecting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.54 | $0.49 | $0.46 | $0.43 |
| EPS Actual | $0.60 | $0.52 | $0.47 | $0.45 |
Stock Performance:
As of October 13, 2011, US Bancorp's current share price was $24.33. Shares are down 8.4% year to date. For a full 12 months, the return has risen by 9.6%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for US Bancorp is a Moderate Buy. This rating has strengthened over the past three months.
Competitors:
Wondering how US Bancorp compares to rivals in the same sector? Here are a few of the company's peers.
- Bank of America (NYSE: BAC): Hold with a -$0.90 recent quarter EPS
- Citigroup (NYSE: C): Moderate Buy with a $1.09 recent quarter EPS
- Comerica (NYSE: CMA): Hold with a $0.55 recent quarter EPS
The banks-major regional company's industry has seen price/earnings growth of 0.9% during the current fiscal year.
Finally, a description of the company's main areas of operation: U.S. Bancorp is a financial holding company that provides financial services through its subsidiaries, including lending and depository services, cash management, foreign exchange and trust and investment management services.
Take Action:
There is your peek into US Bancorp's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap. In the meantime, here are some links to explore today.
- To see up-to-date news on US Bancorp, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
