Last quarter Fifth Third Bancorp (NASDAQ:FITB) beat estimates by 9 cents per share and it is up again on Thursday, July 19, 2012.
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Analysts currently expect Fifth Third Bancorp to come in with earnings of 35 cents per share on revenues of $1.54 billion. Estimates from analysts range from 32 cents per share to 38 cents per share. Over the past two months, the average estimate has moved up from 34 cents.
Last Quarter's Results
In the first quarter, profit rose 62.3% to $430 million (45 cents a share) from $265 million (10 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10% to $1.81 billion from $1.64 billion.
Analysts are bullish on the stock as 15 analysts rate it as a buy and only one analyst rate it as a sell. Wall Street has warmed to the stock over the past three months, with the average analyst estimate increasing to Moderate buy from Hold.
The stock fell $1.26 per share between May 31, 2012 and June 4, 2012.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
EPS: 35 cents
Revenue Estimate: $1.54 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)