Regions Financial Corp’s Upcoming Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component Regions Financial Corp (NYSE:RF) will unveil its latest earnings on Tuesday, October 25, 2011. 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 4 cents per share, a swing from a loss of 17 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 2 cents. Between one and three months ago, the average estimate moved up. It has dropped from 5 cents during the last month. Analysts are projecting profit of 14 cents per share versus net loss of 46 cents last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 4 cents per share versus a mean estimate of 0 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 0.6% in revenue from the year-earlier quarter to $1.63 billion.

Analyst Ratings: Analysts seem relatively indifferent about Regions with 14 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a profit of $109 million (4 cents a share) from a loss of $277 million (28 cents) a year earlier, beating analyst estimates. Revenue fell 3.6% to $1.87 billion from $1.94 billion.

Key Stats:

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 4.1%.

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

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $2.68 (-41.9%) from $6.40 to $3.72. 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 16.8% (+87 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 $3.24 (-46.6%) year to date.

(Source: Xignite Financials)

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