Wells Fargo’s Upcoming Earnings Breakdown

S&P 500 (NYSE:SPY) component Wells Fargo (NYSE:WFC) will unveil its latest earnings this Friday, July 13th, 2012. Wells Fargo provides financial services in mainly wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance and commercial finance.

Wells Fargo Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 81 cents per share, a rise of 15.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 80 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 81 cents during the last month. Analysts are projecting profit to rise by 16.3 percent compared to last year’s $3.28.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 75 cents per share against an estimate of profit of. The company also topped expectations in the fourth quarter of the last fiscal year.

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A Look Back: In the first quarter, profit rose 13 percent to $4.25 billion (75 cents a share) from $3.76 billion (67 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.9% to $23 billion from $22.15 billion.

Stock Price Performance: From June 8, 2012 to July 11, 2012, the stock price rose $2.09 (6.7 percent), from $31.18 to $33.15. The stock price saw one of its best stretches over the last year between June 11, 2012 and June 19, 2012, when shares rose for seven straight days, increasing 6.4 percent (+$1.97) over that span. It saw one of its worst periods between May 11, 2012 and May 18, 2012 when shares fell for six straight days, dropping 7.1% (-$2.37) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 4.6 percent in revenue from the year-earlier quarter to $21.32 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 21.4 percent in the third quarter of the last fiscal year and 20.3 percent in the fourth quarter of the last fiscal year before increasing again in the first quarter.

On the top line, the company is looking to build on last quarter’s revenue increase, which snapped a string of revenue drops. Revenue fell 5.7 percent in the second quarter of the last fiscal year, 7.2 percent in the third quarter of the last fiscal year and 5.6 percent in the fourth quarter of the last fiscal year before climbing in the first quarter.

Analyst Ratings: With 20 analysts rating the stock a buy, one rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

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

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