Suffolk Bancorp (NASDAQ:SUBK) will unveil its latest earnings on Monday, July 11, 2011. Suffolk Bancorp is a bank holding company for Suffolk County National Bank, which offers an array of products and services to its customers of the local residents of Suffolk County.

Suffolk Bancorp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 23 cents per share, a swing from net income of 50 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 23 cents during the last month. For the year, analysts are projecting a loss of $1.82 per share, a swing from profit of $1.56 last year.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by $1.76 as a result of reporting net loss of $1.33 against an estimate of net income of 43 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 11 cents.

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Key Stats:

Suffolk Bancorp’s loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $12.9 million in the first quarter, a profit of $4 million in the fourth quarter of the last fiscal year, a profit of $4.7 million in the third of the last fiscal year and a profit of $4.8 million in the second quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 5.9% to $23 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 2.3%.

Competitors to Watch: Bridge Bancorp, Inc. (NASDAQ:BDGE), NBT Bancorp Inc. (NASDAQ:NBTB), The First of Long Island Corp. (NASDAQ:FLIC), Sterling Bancorp (NYSE:STL), Evans Bancorp Inc. (NASDAQ:EVBN), Jeffersonville Bancorp (NASDAQ:JFBC), Arrow Financial Corp. (NASDAQ:AROW), Financial Institutions, Inc (NASDAQ:FISI), Community Bank System, Inc. (NYSE:CBU), and Intervest Bancshares Corp (NASDAQ:IBCA).

Stock Price Performance: During April 6, 2011 to July 1, 2011, the stock price has fallen $8.20 (-37.7%) from $21.77 on April 6, 2011 to $13.57 on July 1, 2011. The stock price saw one of its best stretches over the last year between May 24, 2011, and May 31, 2011, when shares rose for five-straight days, rising 10% (+$1.40) over that span. It saw one of its worst periods between January 14, 2011, and January 25, 2011, when shares fell for seven-straight days, falling 13% (-$3.29) over that span. Shares are down $11.11 (-45%) year to date.

(Source: Xignite Financials)

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