Zions Bancorporation Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Zions Bancorporation (NASDAQ:ZION) will unveil its latest earnings on Monday, January 23, 2012. Zions Bancorporation provides a full range of banking and related services through its banking and other subsidiaries.

Zions Bancorporation Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 33 cents per share, a swing from a loss of 62 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 31 cents. Between one and three months ago, the average estimate moved up. It has risen from 32 cents during the last month. For the year, analysts are projecting profit of 91 cents per share, a swing from net loss of $2.64 last year.

Past Earnings Performance: Last quarter, the company reported net income of 35 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11.7% in revenue from the year-earlier quarter to $581.1 million.

Analyst Ratings: 12 out of 23 analysts surveyed (52.2%) have a buy rating on Zions.. This is below the mean analyst rating of 10 competitors, which average 57.7% buy ratings.

A Look Back: In the third quarter, the company swung to a profit of $109.1 million (35 cents a share) from a loss of $47.3 million (47 cents) a year earlier, beating analyst estimates. Revenue fell 6.6% to $688.8 million from $737.7 million.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 2.7% in the second quarter from the year earlier, dropped 4.1% in first quarter from the year-ago quarter and 21.2% in the fourth quarter of the last fiscal year.

Competitors to Watch: Glacier Bancorp, Inc. (NASDAQ:GBCI), CoBiz Financial Inc (NASDAQ:COBZ), Wells Fargo & Company (NYSE:WFC), Community Bancorp (CBONQ), Bank of America Corp. (NYSE:BAC), First State Bancorp., NM (FSNM), U.S. Bancorp (NYSE:USB), TCF Financial Corporation (NYSE:TCB), Western Alliance Bancorporation (NYSE:WAL), and JPMorgan Chase & Co. (NYSE:JPM).

Stock Price Performance: During December 15, 2011 to January 17, 2012, the stock price had risen $3.49 (23.4%) from $14.91 to $18.40. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 12, 2012 when shares rose for nine-straight days, rising 14.6% (+$2.37) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 11.1% (-$2.60) 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