Inside Popular Inc.’s Upcoming Fourth Quarter Earnings Release

Popular, Inc. (NASDAQ:BPOP) will unveil its latest earnings on Wednesday, January 25, 2012. Popular is a publicly owned bank holding company that offers retail and commercial banking services through its main banking subsidiary, Banco Popular de Puerto Rico.

Popular, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 4 cents per share, a swing from a loss of 22 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 6 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 5 cents during the last month. For the year, analysts are projecting profit of 20 cents per share, a swing from net loss of 54 cents last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 3 cents per share versus a mean estimate of profit of 6 cents per share. In the second quarter, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 2.3% in revenue from the year-earlier quarter to $470.8 million.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the third quarter, profit fell 94.4% to $27.5 million (3 cents a share) from $494.5 million (48 cents a share) the year earlier, missing analyst expectations. Revenue fell 54.4% to $614.1 million from $1.35 billion.

Key Stats:

Revenue has fallen in the past two quarters. In the second quarter, the figure fell 6.2%.

Competitors to Watch: Doral Financial Corp. (NYSE:DRL), Oriental Financial Group Inc. (NYSE:OFG), First BanCorp. (NYSE:FBP), Eurobancshares Inc. (EUBK), W Holding Company, Inc. (WHI), Bank of America Corp. (NYSE:BAC), SunTrust Banks, Inc. (NYSE:STI), Wells Fargo & Company (NYSE:WFC), and The Bank of Nova Scotia (NYSE:BNS).

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen 46 cents (41.1%) from $1.12 to $1.58. The stock price saw one of its best stretches over the last year between October 7, 2011 and October 14, 2011 when shares rose for six-straight days, rising 19.2% (+28 cents) over that span. It saw one of its worst periods between November 11, 2011 and November 21, 2011 when shares fell for seven-straight days, falling 17.1% (-29 cents) over that span.

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

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