Regions Financial Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Regions Financial Corp (NYSE:RF) will unveil its latest earnings on Tuesday, January 24, 2012. Regions Financial provides a range of banking and bank-related services to individual and corporate customers through its subsidiaries.

Regions Financial Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 7 cents per share, a rise of more than twofold 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 5 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit of 19 cents per share versus a loss of 46 cents last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 8 cents per share against a mean estimate of profit of 4 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 $1.58 billion in revenue this quarter, a decline of 24.4% from the year ago quarter. Analysts are forecasting total revenue of $6.51 billion for the year, a decline of 6.5% from last year’s revenue of $6.96 billion.

Analyst Ratings: Analysts seem relatively indifferent about Regions with 16 of 21 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a profit of $155 million (8 cents a share) from a loss of $155 million (17 cents) a year earlier, beating analyst estimates. Revenue fell 5.1% to $1.81 billion from $1.91 billion.

Key Stats:

Revenue has fallen for the past three quarters. Revenue fell 3.6% in second quarter from the year earlier and 4.1% in the first quarter.

Competitors to Watch: SunTrust Banks, Inc. (NYSE:STI), Pinnacle Financial Partners (NASDAQ:PNFP), Wells Fargo & Company (NYSE:WFC), Cadence Financial Corp. (NASDAQ:CADE), KeyCorp (NYSE:KEY), PNC Financial Services (NYSE:PNC), Bank of America Corp. (NYSE:BAC), BancorpSouth, Inc. (NYSE:BXS), Trustmark Corporation (NASDAQ:TRMK), and BB&T Corporation (NYSE:BBT).

Stock Price Performance: During October 20, 2011 to January 18, 2012, the stock price had risen $1.23 (33.4%) from $3.68 to $4.91. The stock price saw one of its best stretches over the last year between November 1, 2011 and November 8, 2011 when shares rose for six-straight days, rising 18.4% (+68 cents) over that span. It saw one of its worst periods between May 17, 2011 and May 24, 2011 when shares fell for six-straight days, falling 6.5% (-47 cents) over that span.

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

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