Let's Do the Numbers:
Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $1.47 per share and revenues of $3.62 billion. We'll know on Wednesday whether PNC Financial Services has managed the estimated 225% increase in EPS and 93% 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 | $1.37 | $1.40 | $1.49 | $1.26 |
EPS Actual | $1.57 | $1.60 | $1.56 | $1.60 |
Stock Performance:
At last check, shares of PNC Financial Services were trading at $57.26. Shares are down 4.4% year to date. For a full 12 months, the return has risen by 11%. 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 PNC Financial Services is a Moderate Buy. The strength of this rating has crept upwards over the past three months.Competitors:
Want to check out the performance of PNC Financial Services closest competitors? Take a look at some of the company's peers in the financials sector.- Bank of America BAC: Hold with a $0.17 recent quarter EPS
- BB&T BBT: Hold with a $0.32 recent quarter EPS
- Citigroup C: Moderate Buy with a $1.0 recent quarter EPS
- First Horizon National FHN: Hold with a $0.15 recent quarter EPS
Finally, a description of the main business areas of the company, in case you need a little refresher: PNC Financial Services offers corporate and institutional banking, retail banking, asset management, residential mortgage banking and global investment services.
Take Action:
That's your advanced look at PNC Financial Services' 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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