Regions Financial Quarterly Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Regions Financial (NYSE:RF) will unveil its latest earnings on Tuesday, July 24, 2012. Regions Financial provides a range of banking and bank-related services to individual and corporate customers through its subsidiaries.

Regions Financial Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 14 cents per share, a rise of more than threefold 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 11 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 14 cents during the last month. For the year, analysts are projecting net income of 60 cents per share, a rise of more than threefold from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at profit of 14 cents a share versus the estimate of net income of 8 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the first quarter, profit rose more than twofold to $199 million (11 cents a share) from $69 million (one cent a share) the year earlier, exceeding analyst expectations. Revenue fell 21.7% to $1.52 billion from $1.94 billion.

Wall St. Revenue Expectations: Analysts are projecting a decline of 17.1% in revenue from the year-earlier quarter to $1.36 billion.

Stock Price Performance: Between April 23, 2012 and July 18, 2012, the stock price rose 63 cents (10.3%), from $6.09 to $6.72. The stock price saw one of its best stretches over the last year between June 26, 2012 and July 3, 2012, when shares rose for six straight days, increasing 7.9% (+50 cents) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 8.1% (-54 cents) over that span.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 3.6% in the second quarter of the last fiscal year, 5.1% in third quarter of the last fiscal year and 67% in the fourth quarter of the last fiscal year and then fell again in the first quarter.

Analyst Ratings: There are mostly holds on the stock with 14 of 21 analysts surveyed giving that rating.

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

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