National Bankshares, Inc. Second Quarter Earnings Sneak Peek

National Bankshares, Inc. (NASDAQ:NKSH) will unveil its latest earnings on Thursday, July 14, 2011. National Bankshares, Inc. is a bank holding company for The National Bank of Blacksburg, which provides retail and commercial banking services to individuals, businesses, non profits and local government units in Virginia.

National Bankshares, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 60 cents per share, a rise of 3.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 57 cents. For the year, analysts are projecting net income of $2.36 per share, a rise of 5.4% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 58 cents per share against a mean estimate of net income of 56 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $11.1 million in revenue this quarter, a decline of 4.8% from the year ago quarter. Analysts are forecasting total revenue of $44.2 million for the year, a decline of 4.6% from last year’s revenue of $46.3 million.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 6.8% while it rose 0.3% in the fourth quarter of the last fiscal year and 5.7% in the third quarter of the last fiscal year.

A year-over-year revenue increase in the first quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 1.3% in the first quarter and fell 3.2% in the fourth quarter of the last fiscal year, 3% in the third quarter of the last fiscal year and 2.8% in the second quarter of the last fiscal year.

Competitors to Watch: Alliance Bankshares Corp. (NASDAQ:ABVA), American National BankShares Inc (NASDAQ:AMNB), Commonwealth Bankshares, Inc. (NASDAQ:CWBS), Hampton Roads Bankshares, Inc. (NASDAQ:HMPR), Cardinal Financial Corp. (NASDAQ:CFNL), Middleburg Financial Corp. (NASDAQ:MBRG), Old Point Financial Corp. (NASDAQ:OPOF), Xenith Bankshares Inc (NASDAQ:XBKS), Fauquier Bankshares, Inc. (NASDAQ:FBSS), Union First Market Bankshares Corp. (NASDAQ:UBSH), JP Morgan (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Group, Inc. (NYSE:GS), Deutsche Bank AG (NYSE:DB), Morgan Stanley (NYSE:MS), U.S. Bancorp (NYSE:USB), SunTrust Banks, Inc. (NYSE:STI), UBS AG (NYSE:UBS), and KeyCorp (NYSE:KEY).

Stock Price Performance: During April 11, 2011 to July 7, 2011, the stock price has fallen $3.57 (-12.4%) from $28.85 on April 11, 2011 to $25.28 on July 7, 2011. The stock price saw one of its best stretches over the last year between April 4, 2011, and April 8, 2011, when shares rose for five-straight days, rising 2.5% (+71 cents) over that span. It saw one of its worst periods between March 22, 2011, and March 28, 2011, when shares fell for five-straight days, falling 1.2% (-32 cents) over that span. Shares are down $5.64 (-18.2%) year to date.

(Source: Xignite Financials)

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