Fifth Third Bancorp Earnings Around the Corner

S&P 500 (NYSE:SPY) component Fifth Third Bancorp (NASDAQ:FITB) will unveil its latest earnings on Thursday, October 18, 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 39 cents per share, a decline of 2.5% 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 36 cents. Between one and three months ago, the average estimate moved up. It has risen from 38 cents during the last month. Analysts are projecting profit to rise by 36.4% compared to last year’s $1.61.

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 36 cents per share, and the previous quarter, it had profit of 45 cents.

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A Look Back: In the second quarter, profit rose 14.2% to $385 million (40 cents a share) from $337 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 0.2% to $1.71 billion from $1.7 billion.

Stock Price Performance: Between July 19, 2012 and October 12, 2012, the stock price rose $1.47 (10.7%), from $13.80 to $15.27. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 3, 2012, when shares rose for seven straight days, increasing 6.1% (+78 cents) over that span. It saw one of its worst periods between September 14, 2012 and September 21, 2012 when shares fell for six straight days, dropping 1.3% (-21 cents) over that span.

Analyst Ratings: There are mostly holds on the stock with 13 of 24 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 10% in the first quarter before climbing again in the second quarter.

The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 32.7% for the last four quarters.

Wall St. Revenue Expectations: Analysts are projecting a rise of 0.6% in revenue from the year-earlier quarter to $1.57 billion.

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

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