KeyCorp 2Q Earnings Pregame Scorecard

Published July 16, 2012

| FOXBusiness

For the last five quarters, KeyCorp (KEY) has exceeded analyst expectations. The company will try to continue the streak when it reports its latest earnings on Thursday, July 19, 2012.

Expectations

Analysts currently expect KeyCorp to come in with earnings of 18 cents per share on revenues of $998.9 million. Analysts gave estimates ranging from 17 cents per share to 21 cents per share. Over the past three months, the average estimate has moved down from 19 cents.

Last Quarter's Results

In the first quarter, profit fell 24% to $200 million (20 cents a share) from $263 million (19 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 5% to $1.16 billion from $1.22 billion.

Stock Ratings

Analysts think investors should stand pat on KeyCorp with 12 of 23 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Stock Movement

Recently, the stock price has been rising Since June 4, 2012 business days the stock has risen 96 cents per share.

Company Fundamental Trends

In terms of revenue, the company hopes that this earnings announcement will help it rebound from streak of four straight quarters of decreases. Revenue fell 12.8% over the second quarter of the last fiscal year, 10.7% in third quarter of the last fiscal year and 16.8% in the fourth quarter of the last fiscal year and continued to drop first quarter. The company is hoping to use this earnings announcement to get back into the black after experiencing income drops the past three quarters. Net income fell 0.9% in the third quarter of the last fiscal year, by 37.5% in the fourth quarter of the last fiscal year and again in the first quarter. Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012 before market open

EPS: 18 cents

Revenue Estimate: $998.9 million

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


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http://www.foxbusiness.com/markets/2012/07/16/keycorp-2q-earnings-pregame-scorecard/