City National Earnings: What Investors Should Watch

City National (NYSE:CYN) will report earnings after markets close on Thursday, July 18th. City National Corporation is the holding company for City National Bank. The Bank offers private and business banking services throughout California, Nevada and New York City. City National serves the needs of small to midsized businesses and affluent individuals, offering a variety of investment products and services, including the CNI Charter family of mutual funds.

Here is your Cheat Sheet to City National Earnings:

Earnings Expectations: Analysts expect earnings of $0.96 per share on revenues of $296.28 million. Currently, the company’s P/E ratio stands at 16.56.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.99 to a profit $0.98. For the current year, the average estimate is a profit of $3.83, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,052 1,000 1,192 1,185 1,244
Diluted EPS ($) 2.11 0.50 2.36 3.21 3.83

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 ($) in millions 304.66 332.02 318.18 309.33
Diluted EPS ($) 1.01 1.10 0.87 0.90

Past Performance:
City National has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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