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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Wells Fargo & has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)