BB&T Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component BB&T Corp (NYSE:BBT) will unveil its latest earnings on Thursday, October 20, 2011. BB&T is a financial holding company which, through its subsidiary Branch Banking and Trust, provides a range of banking services and loans to individuals and businesses.

BB&T Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 49 cents per share, a rise of 63.3% 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 46 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 49 cents during the last month. For the year, analysts are projecting profit of $1.75 per share, a rise of 50.9% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 44 cents per share against a mean estimate of profit of 43 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 9.9% in revenue from the year-earlier quarter to $2.18 billion.

Analyst Ratings: Analysts seem relatively indifferent about BB&T with 20 of 30 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 46.2% to $307 million (44 cents a share) from $210 million (30 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 13.3% to $2.48 billion from $2.86 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 19.7% in the first quarter and 12.4% in the fourth quarter of the last fiscal year.

Revenue has fallen for the past three quarters. Revenue fell 8.9% in first quarter from the year earlier and 2.5% in the fourth quarter of the last fiscal year.

Competitors to Watch: JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), SunTrust Banks, Inc. (NYSE:STI), PNC Financial Services (NYSE:PNC), Pinnacle Financial Partners (NASDAQ:PNFP), Regions Financial Corp. (NYSE:RF), Bank of America Corp. (NYSE:BAC), First Horizon National Corp. (NYSE:FHN), First Security Group, Inc. (NASDAQ:FSGI), and First Citizens BancShares Inc. (NASDAQ:FCNCA).

Stock Price Performance: During July 22, 2011 to October 17, 2011, the stock price had fallen $4.33 (-16.7%) from $25.99 to $21.66. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 8.5% (+$1.76) over that span. It saw one of its worst periods between June 20, 2011 and June 24, 2011 when shares fell for five-straight days, falling 3.1% (-81 cents) over that span. Shares are down $3.98 (-15.5%) year to date.

(Source: Xignite Financials)

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