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U.S. Bancorp (USB) Beats on Q4 Earnings & Revenue Estimates
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Have you been eager to see how U.S. Bancorp (USB - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Minneapolis-based popular bank’s earnings release this morning:
An Earnings Beat
U.S. Bancorp came out with earnings per share of 82 cents, beating the Zacks Consensus Estimate of 81 cents.
Higher revenues were primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for U.S. Bancorp depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days.
However, U.S. Bancorp has a decent earnings surprise history. Before posting earnings beat in Q4, in the prior four quarters, the company delivered positive surprise in two quarters, while in line earnings was reported in the remaining quarters.
Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.95% in the trailing four quarters.
Revenue Came In Higher Than Expected
U.S. Bancorp posted revenues of $5.44 billion, surpassed the Zacks Consensus Estimate of $5.35 billion. Also, it compared favorably with the year-ago number of $5.21 billion.
Key Stats to Note:
Net interest income grew 4.6% year-over-year in Q4
Average total loans recorded 6.2% year over year growth
Average total deposits recorded 11.8% year over year rise
Through dividends and repurchase of common shares, 79% of earnings were returned to shareholders in 2016
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for U.S. Bancorp. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this U.S. Bancorp earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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U.S. Bancorp (USB) Beats on Q4 Earnings & Revenue Estimates
Have you been eager to see how U.S. Bancorp (USB - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Minneapolis-based popular bank’s earnings release this morning:
An Earnings Beat
U.S. Bancorp came out with earnings per share of 82 cents, beating the Zacks Consensus Estimate of 81 cents.
Higher revenues were primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for U.S. Bancorp depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days.
However, U.S. Bancorp has a decent earnings surprise history. Before posting earnings beat in Q4, in the prior four quarters, the company delivered positive surprise in two quarters, while in line earnings was reported in the remaining quarters.
U.S. Bancorp Price and EPS Surprise
U.S. Bancorp Price and EPS Surprise | U.S. Bancorp Quote
Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.95% in the trailing four quarters.
Revenue Came In Higher Than Expected
U.S. Bancorp posted revenues of $5.44 billion, surpassed the Zacks Consensus Estimate of $5.35 billion. Also, it compared favorably with the year-ago number of $5.21 billion.
Key Stats to Note:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for U.S. Bancorp. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank stocks here.)
Check back later for our full write up on this U.S. Bancorp earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>