F.N.B. Corp First Quarter Earnings Sneak Peek

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F.N.B. Corp (NYSE:FNB) will unveil its latest earnings on Monday, April 23, 2012. F.N.B. Corporation through its subsidiaries, provides a range of financial services to consumers and small- to medium-sized businesses in its market areas. .

F.N.B. Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 19 cents per share, a rise of 35.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 20 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 19 cents during the last month. Analysts are projecting profit to rise by 20% versus last year to 84 cents.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 19 cents per share versus a mean estimate of net income of 19 cents per share. In the third quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: Analysts predict a rise of 14% in revenue from the year-earlier quarter to $120.5 million.

Analyst Ratings: Analysts seem relatively indifferent about F.N.B with eight of nine analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 0.9% to $23.7 million (19 cents a share) from $23.5 million (20 cents a share) the year earlier, meeting analyst expectations. Revenue rose 5.8% to $129.5 million from $122.4 million.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 24.8% in the second quarter of the last fiscal year and 38.1% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 1% in the first quarter of the last fiscal year, 3.2% in the second quarter of the last fiscal year and 5.5% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between March 19, 2012 and April 17, 2012, the stock price dropped 65 cents (-5.2%), from $12.44 to $11.79. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 10, 2012, when shares rose for seven straight days, increasing 8.3% (+93 cents) over that span. It saw one of its worst periods between April 2, 2012 and April 10, 2012 when shares fell for six straight days, dropping 7.4% (-91 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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