BB&T Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component BB&T (NYSE:BBT) will unveil its latest earnings tomorrow, Thursday, January 17, 2013. 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 Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 70 cents per share, a rise of 27.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 73 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 70 cents during the last month. For the year, analysts are projecting profit of $2.71 per share, a rise of 48.1% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported net income of 70 cents per share versus a mean estimate of profit of 70 cents per share. In the second quarter, the company beat estimates by 3 cents.

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A Look Back: In the third quarter, profit rose 35% to $494 million (66 cents a share) from $366 million (52 cents a share) the year earlier, meeting analyst expectations. Revenue rose 10% to $2.68 billion from $2.44 billion.

Here’s how BB&T traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Wall St. Revenue Expectations: Analysts are projecting a rise of 2.1% in revenue from the year-earlier quarter to $2.46 billion.

Analyst Ratings: There are mostly holds on the stock with 19 of 28 analysts surveyed giving that rating.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 91.6% in the first quarter and 68.7% in the second quarter before increasing again in the third quarter.

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 9.5% in the first quarter and 8.8% in the second quarter before climbing again in the third quarter.

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