People’s United Financial Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component People’s United Financial, Inc. (NASDAQ:PBCT) will unveil its latest earnings on Thursday, January 19, 2012. People’s United Financial is a savings and loan holding company for People’s United Bank, a diversified financial services firm. The company provides consumer and commercial banking as well as wealth management services to individuals and corporate customers.

People’s United Financial, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 19 cents per share, a rise of 90% 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 18 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 19 cents during the last month. Analysts are projecting profit to rise by 86.1% versus last year to 67 cents.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported net income of 19 cents per share versus a mean estimate of 17 cents. Two quarters ago, it reported profit of 15 cents per share.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: On average, analysts predict $315.8 million in revenue this quarter, a rise of 18.8% from the year ago quarter. Analysts are forecasting total revenue of $1.22 billion for the year, a rise of 22.2% from last year’s revenue of $998.2 million.

Analyst Ratings: Analysts seem relatively indifferent about People’s United Financial with 13 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose more than twofold to $52.9 million (15 cents a share) from $24.1 million (7 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 26.6% to $358.7 million from $283.4 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 20.3%, with the biggest boost coming in the most recent quarter when revenue rose 26.6% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose more than threefold in the second quarter and more than threefold in the first quarter.

Competitors to Watch: Northeast Bancorp/ME (NASDAQ:NBN), Naugatuck Valley Financial Corp. (NASDAQ:NVSL), Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB), Rockville Financial New Inc (RCKBD), New Hampshire Thrift Bancshares, Inc. (NASDAQ:NHTB), Brookline Bancorp, Inc. (NASDAQ:BRKL), NewAlliance Bancshares, Inc. (NYSE:NAL), SI Financial Group, Inc. (NASDAQ:SIFID), Oneida Financial Corp. (NASDAQ:ONFC), and Westfield Financial, Inc. (NASDAQ:WFD).

Stock Price Performance: During October 18, 2011 to January 13, 2012, the stock price had risen $1.51 (12.4%) from $12.15 to $13.66. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 7.1% (+89 cents) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 7.8% (-$1.04) over that span.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.