Market Overview

PNC Financial Services Earnings Preview: Revenue, EPS Expected to Fall


PNC Financial Services (NYSE: PNC) announces its next round of earnings this Wednesday, October 19, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report.

Earnings and Revenue:

Analysts are predicting an EPS reading of $1.49/share and revenues of $3.57 billion. PNC Financial Services' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.56/share on revenues of $3.6 billion. Investors are bracing themselves for Wednesday when we'll learn if PNC Financial Services reports lower EPS and slightly reduced revenue from the year-ago quarter, as analysts are predicting.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 Q1 Q4 Q3
EPS Estimate $1.47 $1.37 $1.40 $1.49
EPS Actual $1.67 $1.57 $1.60 $1.56

Stock Performance:

At last check, shares of PNC Financial Services were trading at $51.28. Since January 1st, shares of PNC Financial Services have declined 14.4%. For a full 12 months, the return has risen by 1.8%. 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 PNC Financial Services is a Moderate Buy. The strength of this rating has declined slightly over the past three months.


Wondering how PNC Financial Services 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
  • BB&T (NYSE: BBT): Hold with a $0.44 recent quarter EPS
  • Citigroup (NYSE: C): Moderate Buy with a $1.09 recent quarter EPS
  • First Horizon National (NYSE: FHN): Hold with a $0.16 recent quarter EPS

PNC Financial Services is in the banks-major regional industry, which has experienced price/earnings growth of 0.9%.

Finally, a description of the company's main areas of operation: PNC Financial Services Group offers corporate and institutional banking, retail banking, asset management, residential mortgage banking, and global investment services.

Take Action:

That's your advanced look at PNC Financial Services' upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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