Preview: Bank of America's Earnings
On Wednesday, October 14, Bank of America (NYSE: BAC) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Sell-side analysts expect Bank of America's EPS to be near $0.49 on sales of $20.81 billion. In the same quarter last year, Bank of America announced EPS of $0.75 on revenue of $22.95 billion. If the company were to match the consensus estimate when it reports Wednesday, earnings would be down 34.67%. Sales would be down 9.34% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:
EPS Estimate | 0.27 | 0.48 | 0.68 | 0.51 |
EPS Actual | 0.37 | 0.40 | 0.74 | 0.75 |
Revenue Estimate | 22.01 B | 22.76 B | 22.35 B | 22.79 B |
Revenue Actual | 22.45 B | 22.91 B | 22.49 B | 22.95 B |
Stock Performance
Over the past 52-week period, shares of Bank of America have declined 15.61%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Bank of America is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/3wm2jpvf
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