F.N.B. Second Quarter Earnings Sneak Peek

F.N.B. Corporation (NYSE:FNB) will unveil its latest earnings on Monday, July 23, 2012. F.N.B. Corporation through its subsidiaries, provides a range of financial services to consumers and small- to medium-sized businesses in its market areas.

F.N.B. Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 20 cents per share, a rise of 11.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 20 cents during the last month. For the year, analysts are projecting profit of 81 cents per share, a rise of 15.7% from last year.

Past Earnings Performance: Last quarter, the company saw net income of 19 cents per share versus a mean estimate of profit of 19 cents per share. This comes after two consecutive quarters of exceeding expectations.

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A Look Back: In the first quarter, profit rose 25.7% to $21.6 million (15 cents a share) from $17.2 million (14 cents a share) the year earlier, meeting analyst expectations. Revenue rose 10.5% to $139 million from $125.8 million.

Wall St. Revenue Expectations: On average, analysts predict $124.9 million in revenue this quarter, a rise of 13.6% from the year-ago quarter. Analysts are forecasting total revenue of $501.5 million for the year, a rise of 12.9% from last year’s revenue of $444.3 million.

Stock Price Performance: From June 18, 2012 to July 17, 2012, the stock price rose $1.02 (9.8%), from $10.40 to $11.42. It saw one of its worst periods between May 29, 2012 and June 5, 2012 when shares fell for six straight days, dropping 9% (-99 cents) over that span. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 10, 2012, when shares rose for seven straight days, increasing 8.3% (+94 cents) over that span.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 38.1% in the third quarter of the last fiscal year and 0.9% 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 four-straight revenue increases heading into this earnings announcement. Revenue rose 3.2% in the second quarter of the last fiscal year, 5.5% in the third quarter of the last fiscal year and 5.8% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

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

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

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