BancorpSouth, Inc. Second Quarter Earnings Sneak Peek

BancorpSouth, Inc. (NASDAQ:BXS) will unveil its latest earnings on Monday, July 25, 2011. BancorpSouth, Inc. is a financial holding company, which through its subsidiary BancorpSouth Bank, conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri & Illinois.

BancorpSouth, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 4 cents per share, a swing from a loss of 15 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 11 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 4 cents during the last month. For the year, analysts are projecting profit of 22 cents per share, a decline of 18.5% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net loss of one cent per share versus a mean estimate of net income of 9 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 16 cents.

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Wall St. Revenue Expectations: On average, analysts predict $178.3 million in revenue this quarter, a rise of 7.1% from the year ago quarter. Analysts are forecasting total revenue of $709.4 million for the year, a rise of 0.6% from last year’s revenue of $705.3 million.

Analyst Ratings: Analysts seem relatively indifferent about BancorpSouth with 11 of 12 analysts surveyed maintaining a hold rating.

Key Stats:

BancorpSouth’s loss in the latest quarter follows profits in the previous two quarters. The company reported a loss of $494,000 in the first quarter and a profit of $15.8 million in the fourth quarter of the last fiscal year and profit of $11.3 million in the third quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 2.3% to $207.1 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 2.1%.

Competitors to Watch: Cadence Financial Corp. (NASDAQ:CADE), Wells Fargo & Company (NYSE:WFC), Regions Financial Corp. (NYSE:RF), Trustmark Corporation (NASDAQ:TRMK), First Horizon National Corp. (NYSE:FHN), Renasant Corp. (NASDAQ:RNST), Pinnacle Financial Partners (NASDAQ:PNFP), SunTrust Banks, Inc. (NYSE:STI), Hancock Holding Company (NASDAQ:HBHC), and PNC Financial Services (NYSE:PNC).

Stock Price Performance: During April 21, 2011 to July 19, 2011, the stock price had fallen $3.15 (-21%) from $15 to $11.85. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 13, 2010 when shares rose for 10-straight days, rising 17.9% (+$2.25) over that span. It saw one of its worst periods between April 6, 2011 and April 14, 2011 when shares fell for seven-straight days, falling 6.3% (-$1.03) over that span. Shares are down $3.98 (-25.1%) year to date.

(Source: Xignite Financials)

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