Republic Bancorp, Inc. Second Quarter Earnings Sneak Peek

Republic Bancorp, Inc. (NASDAQ:RBCAA) will unveil its latest earnings on Monday, July 11, 2011. Republic Bancorp, Inc. is a bank holding company, whose business is directing, planning and coordinating the business activities of the Bank.

Republic Bancorp, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 46 cents per share, a rise of 15% 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 39 cents. For the year, analysts are projecting net income of $4.36 per share, a rise of 41.1% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported profit of $3.40 per share versus a mean estimate of $3.27. Two quarters ago, it reported net income of 21 cents per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $40.8 million in revenue this quarter, a rise of 1% from the year ago quarter. Analysts are forecasting total revenue of $280.7 million for the year, a rise of 14.8% from last year’s revenue of $244.5 million.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 60% while it rose 14.9% in the fourth quarter of the last fiscal year and 29.1% in the third quarter of the last fiscal year.

A year-over-year revenue increase in the first quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 22.4% in the first quarter and fell 8.6% in the fourth quarter of the last fiscal year, 8.3% in the third quarter of the last fiscal year and 5.9% in the second quarter of the last fiscal year.

Competitors to Watch: Citizens First Corp. (NASDAQ:CZFC), S.Y. Bancorp, Inc. (NASDAQ:SYBT), First Financial Service Corp. (NASDAQ:FFKY), Community Trust Bancorp, Inc. (NASDAQ:CTBI), The Bank of Kentucky Financial Corp (NASDAQ:BKYF), Porter Bancorp, Inc. (NASDAQ:PBIB), Farmers Capital Bank Corp (NASDAQ:FFKT), Fifth Third Bancorp (NASDAQ:FITB), M&T Bank Corporation (NYSE:MTB), Citigroup (NYSE:C), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and United Security Bancshares Inc. (NASDAQ:USBI).

Stock Price Performance: During June 27, 2011 to July 1, 2011, the stock price has risen 97 cents (5%) from $19.25 on June 27, 2011 to $20.22 on July 1, 2011. The stock price saw one of its best stretches over the last year between December 6, 2010, and December 17, 2010, when shares rose for 10-straight days, rising 13.2% (+$2.72) over that span. It saw one of its worst periods between February 9, 2011, and February 22, 2011, when shares fell for nine-straight days, falling 15.2% (-$2.97) over that span. Shares are down $3.16 (-13.5%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!