F.N.B. Corp Earnings on Deck

F.N.B. Corporation (NYSE:FNB) will unveil its latest earnings on Monday, October 22, 2012. 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 estimate of analysts is for net income of 21 cents per share, a rise of 10.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 17.1% versus last year to 82 cents.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported profit of 21 cents per share versus a mean estimate of 20 cents. Two quarters ago, it reported net income of 19 cents per share.

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A Look Back: In the second quarter, profit rose 30.3% to $29.1 million (21 cents a share) from $22.4 million (18 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.5% to $142.1 million from $127.4 million.

Wall St. Revenue Expectations: On average, analysts predict $127.1 million in revenue this quarter, a rise of 13.5% from the year-ago quarter. Analysts are forecasting total revenue of $506.9 million for the year, a rise of 14.1% from last year’s revenue of $444.3 million.

Stock Price Performance: Between September 18, 2012 and October 16, 2012, the stock price dropped $1.34 (-11.2%), from $11.94 to $10.60. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 10, 2012, when shares rose for seven straight days, increasing 8.3% (+94 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 0.9% in the fourth quarter of the last fiscal year and 25.7% in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.5% in the third quarter of the last fiscal year, 5.8% in the fourth quarter of the last fiscal year and 10.5% in the first quarter before increasing again in the second quarter.

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

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

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