Suntrust Banks Earnings: What Investors Should Watch
Suntrust Banks (NYSE:STI) will report earnings before markets open on Friday, July 19th. SunTrust Banks, Inc. is a super-regional bank holding company. The Company’s subsidiary banks operate in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. SunTrust provides a wide range of financial services such as credit cards, mortgage banking, insurance, brokerage and capital markets services.
Here is your Cheat Sheet to Suntrust Banks Earnings:
Earnings Expectations: Analysts expect earnings of $0.67 per share on revenues of $2.16 billion. Currently, the company’s P/E ratio stands at 9.04.
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 $0.68 and has not changed. For the current year, the average estimate is a profit of $2.7, which is better than the estimate ninety days ago.
Here’s how Suntrust Banks has been performing on an annual basis:
|Revenue ($) in millions||12,801||10,420||10,072||9,602||11,240|
|Diluted EPS ($)||2.13||-3.98||-0.18||1.09||3.59|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||2,432.00||3,987.00||2,411.00||2,222.00|
|Diluted EPS ($)||0.50||1.98||0.65||0.63|
Suntrust Banks has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“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)