US Bancorp Second Quarter Earnings Countdown

S&P 500 (NYSE:SPY) component US Bancorp (NYSE:USB) will unveil its latest earnings on Wednesday, July 20, 2011. 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 net income of 53 cents per share, a rise of 17.8% 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 54 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 53 cents during the last month. For the year, analysts are projecting profit of $2.18 per share, a rise of 27.5% from 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 3 cents, reporting net income of 52 cents per share against a mean estimate of profit of 49 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 $4.55 billion in revenue this quarter, a rise of 0.7% from the year ago quarter. Analysts are forecasting total revenue of $18.18 billion for the year, a rise of 0.2% 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 eight rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 56.4% while it rose 61.8% in the fourth quarter of the last fiscal year and 50.6% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 4.1% to $5.11 billion in first quarter. The figure rose 6.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.8% in the third quarter of the last fiscal year from the year-ago quarter and 4.3% in the second 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 June 15, 2011 to July 14, 2011, the stock price had risen 82 cents (3.4%) from $23.87 to $24.69. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 9.5% (+$2.26) over that span. It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six-straight days, falling 5.9% (-$1.63) over that span. Shares are down $2.02 (-7.6%) year to date.

(Source: Xignite Financials)

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