Let's Do the Numbers:
Wall Street expects a positive EPS reading of 69 cents per share and revenues of $20.4 billion. We'll know on Tuesday whether Wells Fargo & Company has managed the estimated 134% increase in EPS and 95% rise 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 | 67 cents | 62 cents | 56 cents | 49 cents |
EPS Actual | 67 cents | 61 cents | 60 cents | 55 cents |
Stock Performance:
Shares of Wells Fargo & Company were trading at $27.53 as of July 13, 2011. Since January 1st, shares of Wells Fargo & Company have declined 10.7%. For a full 12 months, the return has risen by 6.7%. 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 Wells Fargo & Company is a Moderate Buy. The strength of this rating has declined slightly over the past three months.Competitors:
Wondering how some of the other Financials companies are doing? Here are a few of Wells Fargo & Company's peers in that sector.- Bank of America BAC: Hold with a $0.17 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
- JPMorgan Chase & JPM: Moderate Buy with a $1.28 recent quarter EPS
The bank company's industry has seen price/earnings growth of 0.1% during the current fiscal year.
Finally, a description of the main business areas of the company, in case you need a little refresher: Wells Fargo & Company provides financial services in mainly wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance and commercial finance.
Take Action:
That's your advanced look at Wells Fargo & Company'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.
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