People's United 2Q Earnings Pregame Scorecard

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After falling below Wall Street expectations last quarter, People's United (NASDAQ:PBCT) will report its latest results onThursday.

Expectations

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Analysts currently expect People's United to come in with earnings of 19 cents per share on revenues of $313.1 million. Estimates from analysts range from 18 cents per share to 20 cents per share. Over the past three months, the average estimate has moved down from 20 cents.

Last Quarter's Results

In the first quarter, profit rose 13.3% to $58.6 million (17 cents a share) from $51.7 million (15 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 2.2% to $334.5 million from $327.4 million.

Stock Ratings

Analysts think investors should stand pat on People's United with 12 of 16 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock price has not been doing very well lately. It fell 65 cents per share between May 3, 2012 and May 18, 2012 to close at $11.65. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell 74 cents (-5.8%), from $12.79 to $12.05.

Company Fundamental Trends The company will look to keep the its run of success flowing with earnings announcement, after experiencing income increases the last three quarters. Net income rose more than twofold in the third quarter of the last fiscal year and 34.4% in the fourth quarter of the last fiscal year before increasing again in the first quarter. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 16.1% in the second quarter of the last fiscal year, 26.6% in the third quarter of the last fiscal year and 16% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: 19 cents

Revenue Estimate: $313.1 million

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