Privatebancorp Earnings Preview: Can This Streak Continue?
Privatebancorp (NASDAQ:PVTB) will report earnings before markets open on Thursday, July 18th. PrivateBancorp, Inc., is a diversified financial services company. The Company through its subsidiaries, delivers business and personal financial service to middle-market commercial and commercial real estate companies, as well as business owners, executives, entrepreneurs and wealthy families.
Here is your Cheat Sheet to Privatebancorp Earnings:
Earnings Expectations: Analysts expect earnings of $0.34 per share on revenues of $131.49 million. Currently, the company’s P/E ratio stands at 20.71.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.31 to a profit $0.34. For the current year, the average estimate is a profit of $1.38, which is better than the estimate ninety days ago.
Here’s how Privatebancorp has been performing on an annual basis:
|Revenue ($) in millions||447||550||601||579||598|
|Diluted EPS ($)||-3.11||-0.95||-0.17||0.43||0.88|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||147.71||149.87||152.65||151.88|
|Diluted EPS ($)||0.19||0.27||0.26||0.35|
Privatebancorp has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)