Let's Do the Numbers:
Analysts are predicting a positive EPS reading of $1.53 per share and revenues of $908.7 million. We'll know on Monday whether M&T Bank has managed the estimated 115% increase in EPS and 108% 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 | $1.41 | $1.45 | $1.41 | $1.25 |
EPS Actual | $1.67 | $1.52 | $1.48 | $1.53 |
Stock Performance:
At last check, shares of M&T Bank were trading at $87.45. Shares are up 2.1% year to date. For a full 12 months, the return has risen by 15.6%. 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 M&T Bank is a Hold. 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 M&T Bank's peers in that sector.- Bank of America BAC: Hold with a $0.17 recent quarter EPS
- PNC Financial Services PNC: Moderate Buy with a $1.57 recent quarter EPS
- Susquehanna Bancshares SUSQ: Hold with a $0.08 recent quarter EPS
M&T Bank is in the major regional 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: M&T Bank Corp. offers commercial and retail banking services, including loans and deposits, mortgage banking, trust, asset management, insurance and other financial services.
Take Action:
That's your advanced look at M&T Bank'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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