Banner Earnings Preview: Can This Streak Continue?

Banner (NASDAQ:BANR) will report earnings after markets close on Wednesday, July 24th. Banner Corporation a bank holding company involved in the business of planning, directing and coordinating the business activities of its subsidiary banks. The Banks offers a wide variety of commercial banking services and financial products to individuals, businesses and public sector entities.

Here is your Cheat Sheet to Banner Earnings:

Earnings Expectations: Analysts expect earnings of $0.58 per share on revenues of $41.50 million. Currently, the company’s P/E ratio stands at 10.70.

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 $0.55 to a profit $0.58. For the current year, the average estimate is a profit of $2.32, which is better than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 313 281 247 232 214
Diluted EPS ($) -55.56 -16.31 -7.21 -0.15 3.16

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 ($) in millions 38.20 58.86 58.84 54.51
Diluted EPS ($) 1.27 0.79 0.69 0.60

Past Performance:
Banner 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]