First Midwest Bancorp Earnings Preview: Can This Streak Finally End?

First Midwest Bancorp (NASDAQ:FMBI) will report earnings before markets open on Wednesday, April 24th. First Midwest Bancorp, Inc. is the holding company for First Midwest Bank. The Bank provides a full range of both business and retail banking and trust and investment management services through offices primarily located in northeastern Illinois.

Here is your Cheat Sheet to First Midwest Bancorp Earnings:

Earnings Expectations: Analysts expect earnings of $0.21 per share on revenues of $90.99 million.

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 $0.24 to a profit $0.22. For the current year, the average estimate is a profit of $0.89, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how First Midwest Bancorp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 463.21 464.75 437.42 423.45 410.52
Diluted EPS ($) 1.00 -0.71 -0.27 0.35 -0.28

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 105.39 99.96 99.56 104.72 106.29
Diluted EPS ($) 0.05 0.11 0.09 -0.65 0.17

Past Performance:
First Midwest Bancorp has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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