State Bancorp, Inc. NY Second Quarter Earnings Sneak Peek

State Bancorp, Inc. NY (NASDAQ:STBC) will unveil its latest earnings on Monday, July 18, 2011. State Bancorp, Inc. through its subsidiaries offers a full range of banking services which includes commercial real estate owners and developers, small to middle market businesses, professional service firms, municipalities and consumers.

State Bancorp, Inc./NY Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 14 cents per share, a rise of twofold from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 63 cents per share, a rise of 10.5% from 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 profit of 15 cents per share versus a mean estimate of net income of 13 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 $16.4 million in revenue this quarter, a decline of 14.7% from the year ago quarter. Analysts are forecasting total revenue of $66.6 million for the year, a decline of 8.7% from last year’s revenue of $72.9 million.

Key Stats:

Revenue has fallen for the past three quarters. In first quarter, revenue declined 10% to $19.1 million while the figure fell 17.2% in fourth quarter of the last fiscal year from the year earlier and 1.7% in the third quarter of the last fiscal year.

Competitors to Watch: Tompkins Financial Corp. (AMEX:TMP), VSB Bancorp, Inc. (NASDAQ:VSBN), Berkshire Bancorp Inc. (NASDAQ:BERK), Hudson Valley Holding Corp. (NASDAQ:HUVL), The First of Long Island Corp. (NASDAQ:FLIC), Jeffersonville Bancorp (NASDAQ:JFBC), Intervest Bancshares Corp (NASDAQ:IBCA), Community Bank System, Inc. (NYSE:CBU), Suffolk Bancorp (NASDAQ:SUBK), Evans Bancorp Inc. (NASDAQ:EVBN), Citigroup (NYSE:C), Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), Barclays PLC (NYSE:BCS), Goldman Sachs Group, Inc. (NYSE:GS), U.S. Bancorp (NYSE:USB), UBS AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Royal Bank of Scotland Group plc (NYSE:RBS).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had risen $3.17 (30.8%) from $10.29 to $13.46. The stock price saw one of its best stretches over the last year between April 6, 2011, and April 13, 2011, when shares rose for six-straight days, rising 10.4% (+$1.04) over that span. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 12, 2011. Shares are up $4.29 (+46.8%) year to date.

(Source: Xignite Financials)

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

More from The Cheat Sheet