BancorpSouth Second Quarter Earnings Sneak Peek

BancorpSouth, Inc. (NYSE:BXS) will unveil its latest earnings on Monday, July 23, 2012. 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 20 cents per share, a rise of 33.3% 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 16 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 20 cents during the last month. Analysts are projecting profit to rise by 91.1% compared to last year’s 86 cents.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 25 cents per share against a mean estimate of profit of 16 cents, and the quarter before, the company exceeded forecasts by 2 cents with net income of 16 cents versus a mean estimate of profit of 14 cents.

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A Look Back: In the first quarter, the company swung to a profit of $22.9 million (25 cents a share) from a loss of $494,000 (one cent) a year earlier, beating analyst estimates. Revenue fell 4.5% to $197.7 million from $207.1 million.

Stock Price Performance: Between April 20, 2012 and July 17, 2012, the stock price rose $2.23 (17.2%), from $12.95 to $15.18. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 19, 2012, when shares rose for 10 straight days, increasing 21.6% (+$2.48) 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, dropping 24% (-$3.42) over that span.

Wall St. Revenue Expectations: Analysts predict a decline of 3.9% in revenue from the year-earlier quarter to $177.8 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 9.4% in the third quarter of the last fiscal year and 10.3% in fourth quarter of the last fiscal year before falling again in the first quarter.

Analyst Ratings: There are mostly holds on the stock with seven of 10 analysts surveyed giving that rating.

Competitors to Watch: Wells Fargo, Regions Financial, Trustmark Corp, First Horizon National, Renasant Corp., Pinnacle Financial Partners, SunTrust Banks, Hancock Holding Company, and PNC Financial Services.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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