Flagstar Bancorp Earnings Preview: Can This Streak Continue?

Flagstar Bancorp (NYSE:FBC) will report earnings after markets close on Tuesday, April 23rd. Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB. The Bank attracts deposits from the general public and originates or acquires residential mortgage loans. Flagstar also originates consumer, commercial real estate, and non-real estate commercial loans and it operates predominantly in Michigan and Indiana, as well as throughout the United States.

Here is your Cheat Sheet to Flagstar Bancorp Earnings:

Earnings Expectations: Analysts expect earnings of $0.98 per share on revenues of $70.50 million. Currently, the company’s P/E ratio stands at 15.69.

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 $1.38 to a profit $1.36. For the current year, the average estimate is a profit of $3.48, which is worse than the estimate ninety days ago.

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Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 908.12 1,220 986.46 850.92 1,502
Diluted EPS ($) -381.70 -161.70 -24.36 -3.62 0.87

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 ($) in millions 244.76 344.27 363.26 393.48 401.21
Diluted EPS ($) -1.36 -0.20 1.50 1.36 -1.79

Past Performance:
Flagstar Bancorp has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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