Webster Financial Corp Second Quarter Earnings Sneak Peek

Webster Financial Corp (NASDAQ:WBS) will unveil its latest earnings on Friday, July 15, 2011. Webster Financial Corporation through its Webster Bank and non-banking financial services subsidiaries delivers financial services to individuals, families and businesses throughout southern New England and eastern New York State.

Webster Financial Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 35 cents per share, a substantial rise 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 30 cents. For the year, analysts are projecting net income of $1.41 per share, a rise of more than twofold from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 34 cents per share versus a mean estimate of net income of 29 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 $139.8 million in revenue this quarter, a rise of 5.7% from the year ago quarter. Analysts are forecasting total revenue of $559.6 million for the year, a rise of 4.6% from last year’s revenue of $534.8 million.

Analyst Ratings: Analysts seem relatively indifferent about Webster Financial with nine of 14 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 3.8% to $219.8 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 10.3%.

Competitors to Watch: Salisbury Bancorp, Inc. (AMEX:SAL), Patriot National Bancorp (NASDAQ:PNBK), Southern Connecticut Bancorp Inc. (AMEX:SSE), New England Bancshares, Inc. (NASDAQ:NEBS), The Connecticut Bank and Trust Co. (NASDAQ:CTBC), Washington Trust Bancorp (NASDAQ:WASH), Bancorp Rhode Island, Inc. (NASDAQ:BARI), Century Bancorp, Inc. (NASDAQ:CNBKA), Boston Pvt. Financial Hldgs. Inc (NASDAQ:BPFH), Enterprise Bancorp, Inc (NASDAQ:EBTC), Citigroup (NYSE:C), Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), Barclays PLC (NYSE:BCS), Goldman Sachs Group, Inc. (NYSE:GS), U.S. Bancorp (NYSE:USB), UBS AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Royal Bank of Scotland Group plc (NYSE:RBS).

Stock Price Performance: During June 10, 2011 to July 11, 2011, the stock price had risen $1.03 (5.3%) from $19.53 to $20.56. The stock price saw one of its best stretches over the last year between August 19, 2010, and August 26, 2010, when shares rose for six-straight days, rising 6.7% (+$1.06) over that span. It saw one of its worst periods between December 15, 2010, and December 22, 2010, when shares fell for six-straight days, falling 7% (-$1.36) over that span. Shares are up 92 cents (+4.7%) year to date.

(Source: Xignite Financials)

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