Regions Financial Corp Second Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Regions Financial Corp (NYSE:RF) will unveil its latest earnings on Tuesday, July 26, 2011. Regions Financial Corp. provides a range of banking and bank-related services to individual and corporate customers through its subsidiaries. Wells Fargo Earnings Cheat Sheet: Another Quarter of Rising Profit>>

Regions Financial Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for the company to break even after the company reported net loss of 11 cents per share in the year earlier quarter. During the past three months, the average estimate has moved up from a loss of one cent. For the year, analysts are projecting profit of 8 cents per share, a swing from a loss of 46 cents last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of one cent per share against a mean estimate of net loss of 9 cents, and the quarter before, the company exceeded forecasts by 16 cents with profit of 3 cents versus a mean estimate of a loss of 13 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.64 billion in revenue this quarter, a rise of 1.9% from the year ago quarter. Analysts are forecasting total revenue of $6.56 billion for the year, a decline of 5.7% from last year’s revenue of $6.96 billion.

Analyst Ratings: Analysts seem relatively indifferent about Regions with 16 of 18 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 4.1% to $1.94 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 17.1%.

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), JP Morgan (NYSE:JPM), Citigroup (NYSE:C), BancorpSouth, Inc. (NYSE:BXS), Trustmark Corporation (NASDAQ:TRMK), and BB&T Corporation (NYSE:BBT).

Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had fallen $1.13 (-15.8%) from $7.14 to $6.01. The stock price saw one of its best stretches over the last year between November 23, 2010 and December 3, 2010 when shares rose for eight-straight days, rising 16.6% (+86 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 6.6% (-48 cents) over that span. Shares are down 97 cents (-13.9%) year to date.

(Source: Xignite Financials)

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