BankUnited Earnings Preview: Can This Streak Continue?

BankUnited Inc. (NYSE:BKU) will report earnings before markets open on Wednesday, July 24th. BankUnited Inc. is a savings and loan holding company. The Bank, through its subsidiaries, offers a wide range of banking products and services, including checking and savings accounts, commercial lending, private banking, credit cards, certificates of deposit, mortgages, and online banking services. BankUnited has locations throughout Florida.

Here is your Cheat Sheet to Bankunited Earnings:

Earnings Expectations: Analysts expect earnings of $0.43 per share on revenues of $172.11 million. Currently, the company’s P/E ratio stands at 13.81.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.41 to a profit $0.42. For the current year, the average estimate is a profit of $1.71, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Bankunited has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012
Revenue ($) in millions 589 855 801 810
Diluted EPS ($) NA 1.99 0.62 2.05

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 ($) in millions 199.58 195.99 207.85 194.22
Diluted EPS ($) 0.48 0.48 0.61 0.47

Past Performance:
Bankunited has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)