Wells Fargo Earnings Preview: Can This Streak Continue?
Wells Fargo (NYSE:WFC) will report earnings before markets open on Friday, July 12th. Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
Here is your Cheat Sheet to Wells Fargo & Earnings:
Earnings Expectations: Analysts expect earnings of $0.92 per share on revenues of $21.20 billion. Currently, the company’s P/E ratio stands at 11.92.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.92 to a profit $0.93. For the current year, the average estimate is a profit of $3.71, which is better than the estimate ninety days ago.
Here’s how Wells Fargo & has been performing on an annual basis:
|Revenue ($) in millions||51,652||98,636||93,249||87,597||91,247|
|Diluted EPS ($)||0.75||1.75||2.21||2.82||3.36|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||22,606.00||22,476.00||23,162.00||22,410.00|
|Diluted EPS ($)||0.82||0.88||0.91||0.92|
Wells Fargo & has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)