Wall Street analysts forecast that F.N.B. (FNB) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year increase of 4.9%. It is anticipated that revenues will amount to $475.89 million, exhibiting an increase of 4% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific F.N.B. metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 53.2%. Compared to the current estimate, the company reported 52.4% in the same quarter of the previous year.
The consensus among analysts is that 'Net Interest Margin' will reach 3.3%. Compared to the present estimate, the company reported 3.3% in the same quarter last year.
The consensus estimate for 'Average Balance - Total interest earning assets' stands at $46.22 billion. The estimate is in contrast to the year-ago figure of $44.48 billion.
Based on the collective assessment of analysts, 'Total Non-Performing Loans' should arrive at $111.31 million. The estimate compares to the year-ago value of $125.00 million.
It is projected by analysts that the 'Total Non-Performing Assets' will reach $111.46 million. Compared to the present estimate, the company reported $128.00 million in the same quarter last year.
The average prediction of analysts places 'Total Non-Interest Income' at $96.94 million. The estimate compares to the year-ago value of $98.17 million.
Analysts expect 'Insurance commissions and fees' to come in at $5.12 million. The estimate is in contrast to the year-ago figure of $4.50 million.
Analysts predict that the 'Net interest income (FTE)' will reach $380.26 million. Compared to the present estimate, the company reported $362.42 million in the same quarter last year.
According to the collective judgment of analysts, 'Securities commissions and fees' should come in at $9.58 million. The estimate compares to the year-ago value of $8.87 million.
Analysts forecast 'Mortgage banking operations' to reach $6.79 million. Compared to the present estimate, the company reported $9.18 million in the same quarter last year.
Analysts' assessment points toward 'Trust services' reaching $12.63 million. Compared to the current estimate, the company reported $11.65 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Bank owned life insurance' will likely reach $4.46 million. Compared to the present estimate, the company reported $4.21 million in the same quarter last year.
View all Key Company Metrics for F.N.B. here>>>Shares of F.N.B. have demonstrated returns of -6.6% over the past month compared to the Zacks S&P 500 composite's +2.1% change. With a Zacks Rank #3 (Hold), FNB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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