Market Overview

Earnings Preview: PNC Financial Services Gr

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On Wednesday, October 14, PNC Financial Services Gr (NYSE: PNC) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings and Revenue

Wall Street analysts see PNC Financial Services Gr reporting earnings of $2.07 per share on sales of $4.00 billion. In the same quarter last year, PNC Financial Services Gr posted EPS of $2.94 on sales of $4.49 billion. If the company were to match the consensus estimate, earnings would be down 29.59%. Sales would be down 10.97% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.51 1.77 2.93 2.80
EPS Actual -1.90 1.95 2.97 2.94
Revenue Estimate 4.11 B 4.38 B 4.48 B 4.41 B
Revenue Actual 4.08 B 4.52 B 4.61 B 4.49 B

Stock Performance

Shares of PNC Financial Services Gr were trading at $116.28 as of October 12. Over the last 52-week period, shares are down 18.03%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. PNC Financial Services Gr is scheduled to hold the call at 09:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/6hjsezfk

 

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Posted-In: Earnings