First Niagara Financial Group Earnings: Your Sneak Peek to the Big Announcement

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First Niagara Financial Group (NASDAQ:FNFG) will report earnings before markets open on Friday, July 19th. First Niagara Financial Group, Inc. is a bank holding company. The Banks provide an array of deposit products and loans, as well as insurance, leasing, investment advisory services, insurance agency services, and trust services.

Here is your Cheat Sheet to First Niagara Financial Group Earnings:

Earnings Expectations: Analysts expect earnings of $0.18 per share on revenues of $359.25 million. Currently, the company’s P/E ratio stands at 24.20.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.19 and has not changed. For the current year, the average estimate is a profit of $0.75, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how First Niagara Financial Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 557 617 932 1,311 1,536
Diluted EPS ($) 0.81 0.46 0.70 0.64 0.40

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 395.44 404.07 375.42 384.91
Diluted EPS ($) -0.05 0.14 0.15 0.17

Past Performance:
First Niagara Financial Group has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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