Popular, Inc. will unveil its latest earnings on Wednesday, January 25, 2012. Popular is a publicly owned bank holding company that offers retail and commercial banking services through its main banking subsidiary, Banco Popular de Puerto Rico.
Popular, Inc. Earnings Preview Cheat Sheet .
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 4 cents per share, a swing from a loss of 22 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 6 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 5 cents during the last month. For the year, analysts are projecting profit of 20 cents per share, a swing from net loss of 54 cents last year.
Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 3 cents per share versus a mean estimate of profit of 6 cents per share. In the second quarter, the company beat estimates by 2 cents.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 2.3% in revenue from the year-earlier quarter to $470.8 million.
Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and one rating it as a hold.
A Look Back: In the third quarter, profit fell 94.4% to $27.5 million (3 cents a share) from $494.5 million (48 cents a share) the year earlier, missing analyst expectations. Revenue fell 54.4% to $614.1 million from $1.35 billion.
Key Stats:
Revenue has fallen in the past two quarters. In the second quarter, the figure fell 6.2%.
Competitors to Watch: Doral Financial Corp. , Oriental Financial Group Inc. , First BanCorp. , Eurobancshares Inc. , W Holding Company, Inc. , Bank of America Corp. , SunTrust Banks, Inc. , Wells Fargo & Company , and The Bank of Nova Scotia .
Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen 46 cents (41.1%) from $1.12 to $1.58. The stock price saw one of its best stretches over the last year between October 7, 2011 and October 14, 2011 when shares rose for six-straight days, rising 19.2% (+28 cents) over that span. It saw one of its worst periods between November 11, 2011 and November 21, 2011 when shares fell for seven-straight days, falling 17.1% (-29 cents) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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