Let's Do the Numbers:
Based on estimates, investors are readying for a negative EPS reading of 91 cents per share and revenues of $25.92 billion. We'll have to wait for Tuesday to see if Bank of America falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | 27 cents | 19 cents | 16 cents | 23 cents |
EPS Actual | 17 cents | 4 cents | 27 cents | 27 cents |
Stock Performance:
Shares of Bank of America were trading at $10.20 as of July 13, 2011. Shares are down 23.4% year to date. For a full 12 months, the return has declined by 24.4%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.- Long-term shareholders are already wary of 12-month losses prior to the announcement
Average Stock Rating:
The average rating by analysts for Bank of America is a Hold.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 Bank of America's peers.- American Express Company AXP: Moderate Buy with a $0.97 recent quarter EPS
- Citigroup C: Moderate Buy with a $1.0 recent quarter EPS
- Goldman Sachs Group GS: Moderate Buy with a $1.56 recent quarter EPS
Bank of America is in the banks industry, which has experienced price/earnings growth of 0.1%.
Finally, a description of the main business areas of the company, in case you need a little refresher: Bank of America is a bank holding and a financial holding company which, through its subsidiaries, provides banking and other financial services and products to customers in the United States and abroad.
Take Action:
That's your advanced look at Bank of America's 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.