Associated Banc-corp Earnings: Your Sneak Peek to the Big Announcement

Associated Banc-corp (NASDAQ:ASBC) will report earnings after markets close on Thursday, July 18th. Associated Banc-Corp is a diversified multi-bank holding company. The Banks provide a complete range of banking services to individuals and businesses. Services include deposit accounts, a variety of loans, consumer-oriented financial services, and night depository facilities. Associated Banc-Corp operates in Wisconsin, Illinois, and Minnesota.

Here is your Cheat Sheet to Associated Banc-corp Earnings:

Earnings Expectations: Analysts expect earnings of $0.26 per share on revenues of $242.44 million. Currently, the company’s P/E ratio stands at 15.69.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.27 to a profit $0.26. For the current year, the average estimate is a profit of $1.04, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Associated Banc-corp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,412 1,332 1,152 1,024 1,032
Diluted EPS ($) 1.29 -1.26 -0.18 0.66 1.00

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 ($) in millions 254.54 259.64 258.38 257.35
Diluted EPS ($) 0.24 0.26 0.26 0.27

Past Performance:
Associated Banc-corp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“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)

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