Fifth Third Bancorp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fifth Third Bancorp (NASDAQ:FITB) will unveil its latest earnings on Friday, January 20, 2012. Fifth Third Bancorp is a diversified financial services company which conducts its lending, deposit gathering, transaction processing and service advisory activities through its subsidiaries.

Fifth Third Bancorp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 36 cents per share, a rise of 9.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 33 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 36 cents during the last month. For the year, analysts are projecting net income of $1.35 per share, a rise of more than twofold from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 40 cents per share, and the previous quarter, it had net income of 35 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.53 billion in revenue this quarter, a decline of 3.2% from the year ago quarter. Analysts are forecasting total revenue of $6.05 billion for the year, a decline of 4.7% from last year’s revenue of $6.35 billion.

Analyst Ratings: 14 out of 24 analysts surveyed (58.3%) have a buy rating on Fifth Third Bancorp.. This is below the mean analyst rating of 10 competitors, which average 58.7% buy ratings.

A Look Back: In the third quarter, profit rose 60.1% to $381 million (40 cents a share) from $238 million (22 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 11.9% to $1.72 billion from $1.95 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 2% in the second quarter from the year earlier, dropped 7.1% in first quarter from the year-ago quarter and 2% in the fourth quarter of the last fiscal year.

Competitors to Watch: Huntington Bancshares Inc. (NASDAQ:HBAN), FirstMerit Corporation (NASDAQ:FMER), Dearborn Bancorp, Inc. (NASDAQ:DEAR), Marshall & Ilsley Corp. (NYSE:MI), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), PNC Financial Services (NYSE:PNC), JPMorgan Chase & Co. (NYSE:JPM), SunTrust Banks, Inc. (NYSE:STI), and PrivateBancorp, Inc. (NASDAQ:PVTB).

Stock Price Performance: During October 18, 2011 to January 13, 2012, the stock price had risen $2.89 (25.9%) from $11.14 to $14.03. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven-straight days, rising 7.8% (+93 cents) over that span. It saw one of its worst periods between February 14, 2011 and February 24, 2011 when shares fell for eight-straight days, falling 7.8% (-$1.19) over that span.

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

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