BancorpSouth, Inc. Third Quarter Earnings Sneak Peek

BancorpSouth, Inc. (NYSE:BXS) will unveil its latest earnings on Monday, October 24, 2011. BancorpSouth is a financial holding company that, through its subsidiary BancorpSouth Bank, conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri, and Illinois.

BancorpSouth, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 16 cents per share, a rise of 23.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 7 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 16 cents during the last month. For the year, analysts are projecting net income of 45 cents per share, a rise of 66.7% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 15 cents per share against a mean estimate of net income of 4 cents per share. In the first quarter, it missed forecasts by 10 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 0.9% in revenue from the year-earlier quarter to $177.8 million.

Analyst Ratings: Analysts seem relatively indifferent about BancorpSouth with eight of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a profit of $12.8 million (15 cents a share) from a loss of $12.6 million (15 cents) a year earlier, beating analyst estimates. Revenue rose 4.5% to $212.4 million from $203.2 million.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 2.3% in the first quarter and 2.1% in the fourth quarter of the last fiscal year.

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 July 25, 2011 to October 18, 2011, the stock price had fallen $2.14 (-16.9%) from $12.64 to $10.50. 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 July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 24% (-$3.42) over that span. Shares are down $5.31 (-33.6%) year to date.

(Source: Xignite Financials)

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