Firstmerit (NASDAQ:FMER) will report earnings before markets open on Tuesday, July 23rd. FirstMerit Corporation operates primarily as a multi-bank holding company. The Banks attract deposits, originate loans, and provide other banking services. The Company’s non-banking subsidiaries provide securities brokerage, trust, equipment lease financing, insurance, and other services. FirstMerit operates in Ohio.
Here is your Cheat Sheet to Firstmerit Earnings:
Earnings Expectations: Analysts expect earnings of $0.31 per share on revenues of $250.82 million. Currently, the company’s P/E ratio stands at 16.46.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.29 to a profit $0.33. For the current year, the average estimate is a profit of $1.31, which is better than the estimate ninety days ago.
Here’s how Firstmerit has been performing on an annual basis:
|Revenue ($) in millions||755||670||755||763||734|
|Diluted EPS ($)||1.46||0.90||1.02||1.10||1.22|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||184.06||182.49||187.02||179.35|
|Diluted EPS ($)||0.28||0.32||0.35||0.33|
Firstmerit has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)