People’s United Financial Fourth Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component People’s United Financial (NASDAQ:PBCT) will unveil its latest earnings tomorrow, Thursday, January 17, 2013. People’s United Financial is a savings and loan holding company for People’s United Bank, a diversified financial services firm. The company provides consumer and commercial banking as well as wealth management services to individuals and corporate customers.
People’s United Financial Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 19 cents per share, a rise of 11.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 10.6% compared to last year’s 73 cents.
Past Earnings Performance: The company has fallen in line with estimates the last two quarters. In the third quarter, it reported net income of 19 cents per share and two quarters ago booked profit of 19 cents.
A Look Back: In the third quarter, profit rose 17.6% to $62.2 million (18 cents a share) from $52.9 million (15 cents a share) the year earlier, meeting analyst expectations. Revenue fell 4.7% to $341.7 million from $358.7 million.
Here’s how People’s United Financial traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: