Wall Street analysts expect U.S. Bancorp (USB) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 8.2%. Revenues are expected to be $8.01 billion, up 9.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific U.S. Bancorp metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Book value per common share' to come in at $39.43 . The estimate compares to the year-ago value of $36.33 .
The consensus among analysts is that 'Average Balances - Earning assets' will reach $636.03 billion. The estimate is in contrast to the year-ago figure of $617.52 billion.
Analysts forecast 'Efficiency Ratio' to reach 56.4%. The estimate is in contrast to the year-ago figure of 57.2%.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $1.52 billion. Compared to the current estimate, the company reported $1.65 billion in the same quarter of the previous year.
It is projected by analysts that the 'Total nonperforming loans' will reach $1.46 billion. The estimate is in contrast to the year-ago figure of $1.61 billion.
The combined assessment of analysts suggests that 'Tier 1 Capital Ratio' will likely reach 12.3%. Compared to the present estimate, the company reported 12.4% in the same quarter last year.
The consensus estimate for 'Leverage ratio' stands at 9.0%. Compared to the current estimate, the company reported 8.6% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total risk-based capital ratio' should arrive at 14.4%. The estimate compares to the year-ago value of 14.4%.
Analysts predict that the 'Total Noninterest Income' will reach $3.51 billion. The estimate is in contrast to the year-ago figure of $3.08 billion.
Analysts' assessment points toward 'Net interest income (taxable-equivalent basis)' reaching $4.51 billion. The estimate compares to the year-ago value of $4.25 billion.
According to the collective judgment of analysts, 'Mortgage banking revenue' should come in at $166.62 million. The estimate compares to the year-ago value of $180.00 million.
The average prediction of analysts places 'Other- noninterest income' at $135.53 million. Compared to the present estimate, the company reported $213.00 million in the same quarter last year.
View all Key Company Metrics for U.S. Bancorp here>>>U.S. Bancorp shares have witnessed a change of -9.2% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), USB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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