SunTrust Banks Inc. Fourth Quarter Earnings Estimates

S&P 500 (NYSE:SPY) component SunTrust Banks, Inc. (NYSE:STI) will unveil its latest earnings on Friday, January 20, 2012. SunTrust Banks is a financial services holding company whose businesses provide a range of financial services to consumer and corporate clients.

SunTrust Banks, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 27 cents per share, a rise of 17.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 34 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 31 cents during the last month. Analysts are projecting profit of $1.09 per share versus net loss of 18 cents last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 39 cents per share against a mean estimate of profit of 35 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.09 billion in revenue this quarter, a decline of 10.3% from the year ago quarter. Analysts are forecasting total revenue of $8.54 billion for the year, a decline of 1.8% from last year’s revenue of $8.7 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, two rating it as a sell and 10 rating it as a hold.

A Look Back: In the third quarter, profit rose 40.5% to $215 million (39 cents a share) from $153.1 million (17 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 7.9% to $2.44 billion from $2.65 billion.

Key Stats:

Revenue has fallen in the past two quarters. In the second quarter, the figure fell 2.6%.

Competitors to Watch: Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), KeyCorp (NYSE:KEY), PNC Financial Services (NYSE:PNC), Regions Financial Corp. (NYSE:RF), First Horizon National Corp. (NYSE:FHN), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), Cadence Financial Corp. (NASDAQ:CADE), and BB&T Corporation (NYSE:BBT).

Stock Price Performance: During December 14, 2011 to January 13, 2012, the stock price had risen $4.36 (26.5%) from $16.44 to $20.80. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 11, 2012 when shares rose for eight-straight days, rising 19% (+$3.36) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 11% (-$2.84) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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