US Bancorp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component US Bancorp (NYSE:USB) will unveil its latest earnings on Wednesday, January 18, 2012. 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 estimate of analysts is for profit of 63 cents per share, a rise of 34% 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 61 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 63 cents during the last month. Analysts are projecting profit to rise by 39.8% versus last year to $2.39.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 64 cents per share against a mean estimate of profit of 61 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $4.76 billion in revenue this quarter, a rise of 0.8% from the year ago quarter. Analysts are forecasting total revenue of $18.67 billion for the year, a rise of 2.9% from last year’s revenue of $18.15 billion.

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

A Look Back: In the third quarter, profit rose 40.2% to $1.27 billion (64 cents a share) from $908 million (45 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.7% to $5.38 billion from $5.19 billion.

Key Stats:.

The company has seen net income rise in three straight quarters. Net income rose 25.6% in the second quarter and 56.4% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 3.3% in the second quarter from the year earlier, climbed 4.1% in the first quarter from the year-ago quarter and 6.5% in the fourth quarter of the last fiscal year.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Comerica Incorporated (NYSE:CMA), Zions Bancorporation (NASDAQ:ZION), Pinnacle Financial Partners (NASDAQ:PNFP), Regions Financial Corp. (NYSE:RF), Goldman Sachs Group, Inc. (NYSE:GS), and Capitol Bancorp Ltd. (NYSE:CBC).

Stock Price Performance: During October 17, 2011 to January 12, 2012, the stock price had risen $5.24 (22.3%) from $23.50 to $28.74. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 9.6% (+$2.09) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven-straight days, falling 6.8% (-$1.81) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com