Popular Fourth Quarter Earnings Sneak Peek

Popular, Inc. (NASDAQ:BPOP) will unveil its latest earnings tomorrow, Thursday, January 24, 2013. 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 51 cents per share, a rise of more than fivefold 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 48 cents. Between one and three months ago, the average estimate moved up. It has risen from 50 cents during the last month. For the year, analysts are projecting profit of $2.06 per share, a rise of 87.3% from 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 45 cents per share versus a mean estimate of profit of 50 cents per share. In the second quarter, the company beat estimates by 22 cents.

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A Look Back: In the third quarter, profit rose 71.4% to $47.2 million (45 cents a share) from $27.5 million (3 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 10.5% to $549.7 million from $614.1 million.

Here’s how Popular traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Wall St. Revenue Expectations: Analysts are projecting a decline of 7.6% in revenue from the year-earlier quarter to $456.6 million.

Analyst Ratings: With five analysts rating the stock a buy, none rating it a sell and none rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 4.6% in the fourth quarter of the last fiscal year, 13.2% in first quarter and 15.4% in the second quarter and then fell again in the third quarter.

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