Earnings Preview: BB&T Earnings Expected to Increase Over Last Quarter

It's time to gear up for BB&T BBT earnings! Keep your head in the game: The company releases its next round of earnings this Thursday, July 21, 2011.

Wondering what to expect from this Thursday's announcement? Don't worry. Here's your essential guide to BB&T's second quarter earnings report.

Let's Do the Numbers:

Wall Street expects a positive EPS reading of 43 cents per share and revenues of $2.15 billion. We'll have to wait for Thursday to see if BB&T has accomplished the estimated 115% rise in EPS and 88% increase in revenues on a year-over-year basis.

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

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$0.31	$0.26	$0.26	$0.33
EPS Actual	$0.32	$0.30	$0.30	$0.30

Stock Performance:

At last check, shares of BB&T were trading at $25.32. Shares are down 2% year to date. For a full 12 months, the return has risen by 8.9%. 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 BB&T is a Hold. This rating has strengthened slightly over the past ninety days.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of BB&T's peers.

• Bank of America BAC: Hold with a $0.17 recent quarter EPS
• First Citizens BancShares FCNCA: Strong Buy with a $6.01 recent quarter EPS
• First Horizon National FHN: Hold with a $0.16 recent quarter EPS
• JPMorgan Chase & JPM: Moderate Buy with a $1.27 recent quarter EPS

Finally, a description of the main business areas of the company, in case you need a little refresher: BB&T Corp is a financial holding company which, through its subsidiary Branch Banking and Trust Company, provides a range of banking services and loans to individuals and businesses.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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