Arrow Financial Corporation (NASDAQ:AROW) will unveil its latest earnings on Monday, July 11, 2011. Arrow Financial Corporation is a bank holding company, which offers a range of commercial and consumer banking and financial products.

Arrow Financial Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 46 cents per share, a decline of 8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. For the year, analysts are projecting net income of $1.83 per share, a decline of 5.7% from last year.

Past Earnings Performance: The company beat estimates last quarter by reporting profit of 47 cents per share against a mean estimate of net income of 45 cents.

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Wall St. Revenue Expectations: On average, analysts predict $20 million in revenue this quarter, a decline of 3.2% from the year ago quarter. Analysts are forecasting total revenue of $80.6 million for the year, a rise of 0.3% from last year’s revenue of $80.4 million.

Key Stats:

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 2.5% in the first quarter from the year earlier, while the figure rose 1.4% in the fourth quarter of the last fiscal year, 10.1% in the third quarter of the last fiscal year and 15.9% in the second quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 0.6% to $25.5 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 3.7%.

Competitors to Watch: Evans Bancorp Inc. (NASDAQ:EVBN), Susquehanna Bancshares, Inc. (NASDAQ:SUSQ), Community Bank System, Inc. (NYSE:CBU), M&T Bank Corporation (NYSE:MTB), Bridge Bancorp, Inc. (NASDAQ:BDGE), Signature Bank (NASDAQ:SBNY), Suffolk Bancorp (NASDAQ:SUBK), National Penn Bancshares, Inc. (NASDAQ:NPBC), Financial Institutions, Inc (NASDAQ:FISI), Citigroup (NYSE:C), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and NBT Bancorp Inc. (NASDAQ:NBTB).

Stock Price Performance: During May 5, 2011 to July 1, 2011, the stock price has risen $1.42 (6.1%) from $23.24 on May 5, 2011 to $24.66 on July 1, 2011. The stock price saw one of its best stretches over the last year between September 8, 2010, and September 15, 2010, when shares rose for six-straight days, rising 7.6% (+$1.68) over that span. It saw one of its worst periods between April 6, 2011, and April 13, 2011, when shares fell for six-straight days, falling 5.6% (-$1.39) over that span. Shares are down $2.30 (-8.5%) year to date.

(Source: Xignite Financials)

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