Zions Bancorp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Zions Bancorp (NASDAQ:ZION) will unveil its latest earnings on Monday, January 28, 2013. Zions Bancorporation provides a full range of banking and related services through its banking and other subsidiaries.

Zions Bancorp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 41 cents per share, a rise of 70.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down. It has risen from 40 cents during the last month. For the year, analysts are projecting net income of $1.18 per share, a rise of 42.2% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported profit of 34 cents per share versus a mean estimate of net income of 32 cents per share. In the second quarter, the company missed estimates by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $547.6 million in revenue this quarter, a decline of 2.2% from the year-ago quarter. Analysts are forecasting total revenue of $2.22 billion for the year, a decline of 1.3% from last year’s revenue of $2.25 billion.

Analyst Ratings: There are mostly holds on the stock with 15 of 21 analysts surveyed giving that rating.

A Look Back: In the third quarter, profit rose 0.7% to $109.9 million (34 cents a share) from $109.1 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 7.5% to $637 million from $688.8 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 6.4% in the fourth quarter of the last fiscal year, 7.1% in first quarter and 6.3% in the second quarter and then fell again in the third quarter.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)