Firstmerit Earnings: Your Sneak Peek to the Big Announcement

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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Firstmerit has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Firstmerit has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“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)