Wells Fargo Company’s Upcoming Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Wells Fargo & Company (NYSE:WFC) will unveil its latest earnings on Tuesday, January 17, 2012. Wells Fargo provides financial services in mainly wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance and commercial finance.

Wells Fargo & Company Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 72 cents per share, a rise of 18% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 24.3% versus last year to $2.81.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by one cent in the second quarter, the company fell in line with expecations by reporting net income of 72 cents per share last quarter.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 6.6% in revenue from the year-earlier quarter to $20.08 billion.

Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, one rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit rose 21.4% to $4.05 billion (72 cents a share) from $3.34 billion (60 cents a share) the year earlier, meeting analyst expectations. Revenue fell 7.2% to $21.26 billion from $22.91 billion.

Key Stats:.

The company has seen net income rise in three straight quarters. Net income rose 28.9% in the second quarter and 47.6% in the first quarter.

Revenue has fallen in the past four quarters. Revenue declined 5.7% in the second quarter from the year earlier, dropped 5.8% in first quarter from the year-ago quarter and 6% in the fourth quarter of the last fiscal year.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), U.S. Bancorp (NYSE:USB), PNC Financial Services (NYSE:PNC), SunTrust Banks, Inc. (NYSE:STI), KeyCorp (NYSE:KEY), Goldman Sachs Group, Inc. (NYSE:GS), Regions Financial Corp. (NYSE:RF), and Morgan Stanley (NYSE:MS).

Stock Price Performance: During November 11, 2011 to January 11, 2012, the stock price had risen $3.97 (15.5%) from $25.65 to $29.62. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 23, 2011 when shares rose for five-straight days, rising 9.8% (+$2.48) over that span. It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six-straight days, falling 6.2% (-$1.77) 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