BB&T Earnings on Deck

S&P 500 (NYSE:SPY) component BB&T (NYSE:BBT) will unveil its latest earnings on Thursday, October 18, 2012. 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 analyst estimate is for net income of 70 cents per share, a rise of 34.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 68 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 70 cents during the last month. Analysts are projecting profit to rise by 51.4% versus last year to $2.77.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 72 cents a share versus the estimate of net income of 69 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the second quarter, profit rose 68.7% to $518 million (72 cents a share) from $307 million (44 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.8% to $2.7 billion from $2.48 billion.

Wall St. Revenue Expectations: Analysts predict a rise of 14.5% in revenue from the year-earlier quarter to $2.45 billion.

Stock Price Performance: Between September 14, 2012 and October 12, 2012, the stock price dropped $1.65 (-4.9%), from $33.99 to $32.34. The stock price saw one of its best stretches over the last year between January 6, 2012 and January 18, 2012, when shares rose for eight straight days, increasing 6.4% (+$1.65) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 6.6% (-$2.09) over that span.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 88% in the fourth quarter of the last fiscal year and 91.6% in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 9.5% in the first quarter before climbing again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with 19 of 29 analysts surveyed giving that rating.

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

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