Regions 2Q Earnings Pregame Scorecard
Having beaten analysts' expectations in each of the last five quarters, Regions (NYSE:RF) will announce on Tuesday whether the streak is alive or snapped.
Expectations
Analysts currently expect Regions to come in with earnings of 14 cents per share on revenues of $1.36 billion. Estimates from analysts range from 10 cents per share to 18 cents per share. Over the past three months, the average estimate has moved up from 11 cents.
Stock Movement
Recently, the stock price has been rising Since July 10, 2012 business days the stock has risen 29 cents per share. Looking at change over the last three months, from April 23, 2012 and July 18, 2012, the stock price is up 63 cents (10.3%), from $6.09 to $6.72.
Company Fundamental Trends
Stock Ratings
Analysts think investors should stand pat on Regions with 14 of 21 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose more than twofold to $199 million (11 cents a share) from $69 million (one cent a share) the year earlier, exceeding analyst expectations. Revenue fell 21.7% to $1.52 billion from $1.94 billion.
Summary
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012 before market open
EPS: 14 cents
Revenue Estimate: $1.36 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)