US Bancorp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component US Bancorp (NYSE:USB) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. U.S. Bancorp is a financial holding company that provides financial services through its subsidiaries, including lending and depository services, cash management, foreign exchange and trust and investment management services.

US Bancorp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 74 cents per share, a rise of 15.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 73 cents. Between one and three months ago, the average estimate moved up. It has dropped from 75 cents during the last month. Analysts are projecting profit to rise by 18.7% compared to last year’s $2.86.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 74 cents a share versus the estimate of net income of 73 cents a share. It marked the fourth straight quarter of beating estimates.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

A Look Back: In the third quarter, profit rose 15.8% to $1.47 billion (74 cents a share) from $1.27 billion (64 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.8% to $5.64 billion from $5.38 billion.

Here’s how US Bancorp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Analyst Ratings: There are mostly holds on the stock with 15 of 28 analysts surveyed giving that rating.

Wall St. Revenue Expectations: On average, analysts predict $5.16 billion in revenue this quarter, a rise of 1.2% from the year-ago quarter. Analysts are forecasting total revenue of $20.29 billion for the year, a rise of 6.2% from last year’s revenue of $19.11 billion.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 27.9% in the first quarter and 17.6% in the second quarter before increasing again in the third quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 6.5% in the fourth quarter of the last fiscal year, 7.2% in the first quarter and 6.6% in the second quarter before increasing again in the third quarter.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

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