Suntrust Banks Earnings: What Investors Should Watch

Suntrust Banks (NYSE:STI) will report earnings before markets open on Friday, July 19th. SunTrust Banks, Inc. is a super-regional bank holding company. The Company’s subsidiary banks operate in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. SunTrust provides a wide range of financial services such as credit cards, mortgage banking, insurance, brokerage and capital markets services.

Here is your Cheat Sheet to Suntrust Banks Earnings:

Earnings Expectations: Analysts expect earnings of $0.67 per share on revenues of $2.16 billion. Currently, the company’s P/E ratio stands at 9.04.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.68 and has not changed. For the current year, the average estimate is a profit of $2.7, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Suntrust Banks has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 12,801 10,420 10,072 9,602 11,240
Diluted EPS ($) 2.13 -3.98 -0.18 1.09 3.59

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 2,432.00 3,987.00 2,411.00 2,222.00
Diluted EPS ($) 0.50 1.98 0.65 0.63

Past Performance:
Suntrust Banks has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]