US Bancorp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component US Bancorp (NYSE:USB) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. U.S. Bancorp is a financial holding company that provides financial services through its subsidiaries, including lending and depository services, cash management, foreign exchange and trust and investment management services.

US Bancorp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 74 cents per share, a rise of 15.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 73 cents. Between one and three months ago, the average estimate moved up. It has dropped from 75 cents during the last month. Analysts are projecting profit to rise by 18.7% compared to last year’s $2.86.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 74 cents a share versus the estimate of net income of 73 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the third quarter, profit rose 15.8% to $1.47 billion (74 cents a share) from $1.27 billion (64 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.8% to $5.64 billion from $5.38 billion.

Here’s how US Bancorp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: