F.N.B. Corp Fourth Quarter Earnings Sneak Peek

F.N.B. Corporation (NYSE:FNB) will unveil its latest earnings on Wednesday, January 23, 2013. F.N.B. Corporation through its subsidiaries, provides a range of financial services to consumers and small- to medium-sized businesses in its market areas.

F.N.B. Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 22 cents per share, a rise of 15.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 21 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 22 cents during the last month. Analysts are projecting profit to rise by 18.6% compared to last year’s 83 cents.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 22 cents per share, and the previous quarter, it had profit of 21 cents.

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A Look Back: In the third quarter, profit rose 29.3% to $30.7 million (22 cents a share) from $23.8 million (19 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.2% to $142.7 million from $128.4 million.

Wall St. Revenue Expectations: Analysts predict a rise of 11.6% in revenue from the year-earlier quarter to $127.9 million.

Stock Price Performance: Between October 19, 2012 and January 16, 2013, the stock price rose 51 cents (4.8%), from $10.58 to $11.09. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 13, 2012, when shares rose for six straight days, increasing 7% (+79 cents) over that span. It saw one of its worst periods between October 5, 2012 and October 16, 2012 when shares fell for eight straight days, dropping 7.1% (-81 cents) 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 25.7% in the first quarter and 30.3% in the second quarter before increasing again in the third quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.8% in the fourth quarter of the last fiscal year, 10.5% in the first quarter and 11.5% in the second quarter before increasing again in the third quarter.

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

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