Comerica (CMA) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Tuesday, July 17, 2012.

Expectations

Analysts currently expect Comerica to come in with earnings of 61 cents per share on revenues of $638.8 million. Estimates from analysts range from 57 cents per share to 67 cents per share. Over the past three months, the average estimate has moved up from 57 cents.

Last Quarter's Results

In the first quarter, profit rose 26.2% to $130 million (66 cents a share) from $103 million (57 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.7% to $684 million from $641 million.

Stock Ratings

Analysts think investors should stand pat on Comerica with 16 of 26 analysts rating it hold. That rating hasn't budged in three months as the average analyst rating of the stock has remained unchanged.

Stock Movement

The stock price has been falling recently The share price has fallen $1.55 since July 3, 2012.

Company Fundamental Trends
On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 3.4% in the third quarter of the last fiscal year and 0.5% in the fourth quarter of the last fiscal year before climbing again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Tuesday, July 17, 2012 before market open

EPS: 61 cents

Revenue Estimate: $638.8 million

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