KeyCorp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component KeyCorp (NYSE:KEY) will unveil its latest earnings on Tuesday, January 24, 2012. KeyCorp is a financial holding company that offers its clients retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services.

KeyCorp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 20 cents per share, a decline of 39.4% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 89.4% versus last year to 89 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting profit of 24 cents per share against a mean estimate of net income of 21 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 13.8% in revenue from the year-earlier quarter to $1 billion.

Analyst Ratings: Analysts seem relatively indifferent about KeyCorp with 14 of 24 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 0.9% to $217 million (22 cents a share) from $219 million (20 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 10.7% to $1.19 billion from $1.33 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 12.8% in the second quarter from the year earlier, dropped 9.3% in first quarter from the year-ago quarter and 4.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: Wells Fargo & Company (NYSE:WFC), SunTrust Banks, Inc. (NYSE:STI), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), PNC Financial Services (NYSE:PNC), Citigroup Inc. (NYSE:C), Regions Financial Corp. (NYSE:RF), Northrim BanCorp, Inc. (NASDAQ:NRIM), Pacific Continental Corp. (NASDAQ:PCBK), and Zions Bancorporation (NASDAQ:ZION).

Stock Price Performance: During October 20, 2011 to January 18, 2012, the stock price had risen $1.53 (22.6%) from $6.78 to $8.31. The stock price saw one of its best stretches over the last year between January 6, 2012 and January 13, 2012 when shares rose for six-straight days, rising 4.3% (+34 cents) over that span. It saw one of its worst periods between November 15, 2011 and November 23, 2011 when shares fell for seven-straight days, falling 8.7% (-63 cents) over that span.

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

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