American National Bankshares, Inc. Second Quarter Earnings Sneak Peek

American National Bankshares, Inc. (NASDAQ:AMNB) will unveil its latest earnings on Monday, July 18, 2011. American National Bankshares, Inc. is a holding company for American National Bank and Trust Company, which provides an array of financial products & services including commercial, mortgage and consumer banking; trust and investment services & insurance.

American National Bankshares, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 32 cents per share, a decline of 3% 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 36 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 32 cents during the last month. For the year, analysts are projecting net income of $1.30 per share, a decline of 3.7% from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 29 cents per share against an estimate of net income of 35 cents per share. The quarter before that, it missed forecasts by 5 cents.

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Key Stats:

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 18.6% from the year earlier quarter, while the figure dropped 14.7% in the fourth quarter of the last fiscal year.

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 3.1% to $10.6 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 2.7%.

Competitors to Watch: United Community Banks, Inc. (NASDAQ:UCBI), Cardinal Financial Corp. (NASDAQ:CFNL), Regions Financial Corp. (NYSE:RF), Middleburg Financial Corp. (NASDAQ:MBRG), Old Point Financial Corp. (NASDAQ:OPOF), Commonwealth Bankshares, Inc. (NASDAQ:CWBS), Hampton Roads Bankshares, Inc. (NASDAQ:HMPR), TowneBank (NASDAQ:TOWN), C&F Financial Corporation (NASDAQ:CFFI), and Union First Market Bankshares Corp. (NASDAQ:UBSH).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had fallen $4.50 (-19.5%) from $23.09 to $18.59. Shares have been on a negative streak of late, closing down every day between July 7, 2011 and July 12, 2011. The stock price saw one of its best stretches over the last year between May 18, 2011, and May 25, 2011, when shares rose for six-straight days, rising 5.3% (+$1.03) over that span. Shares are down $4.44 (-19.3%) year to date.

(Source: Xignite Financials)

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