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Is a Beat in Store for PNC Financial (PNC) in Q1 Earnings?
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We expect The PNC Financial Services Group, Inc. (PNC - Free Report) to beat on earnings expectations when it reports first-quarter 2017 results, before the opening bell on Apr 13.
Why a Likely Positive Surprise?
Our proven model shows that PNC Financial has the right combination of two key ingredients – positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to beat earnings.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is pegged at +0.54%. This is a major indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: PNC Financial carries a Zacks Rank #2 (Buy).
Further, the company boasts a decent earnings surprise history. PNC Financial posted an earnings beat in three of the trailing four quarters, with an average positive earnings surprise of 3.2%.
PNC Financial Services Group, Inc. (The) Price and EPS Surprise
Shares of PNC Financial rallied 38.6% over the past one year, outperforming the Zacks categorized Banks – Major Regional industry’s 32.7% growth.
What’s in Store?
Management expects PNC Financial’s NII to remain stable in first-quarter 2017. However, on account of seasonality and lower client activity, fee income is likely to fall in the mid-single-digit range, per the company.
The company projects non-interest expense to fall sequentially by low-single digits. Further, it expects loan loss provision to be within $75–$125 million.
Period-end loans are projected to rise modestly during the quarter.
PNC Financial’s activities during the quarter were enough to win analysts’ confidence. As a result, over the last seven days, the Zacks Consensus Estimate for the quarter’s earnings increased slightly to $1.84.
Other Stocks to Consider
Here are some other stocks you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
The earnings ESP for Sun Trust Banks, Inc. (STI - Free Report) is +2.41% and it carries a Zacks Rank #2. The company is expected to release first-quarter results on Apr 21.
BB&T Corporation has an earnings ESP of +5.71% and a Zacks Rank #3. It is scheduled to report first-quarter results on Apr 20.
Want to learn more about major banks earnings? Check out our recent video article for additional information:
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Is a Beat in Store for PNC Financial (PNC) in Q1 Earnings?
We expect The PNC Financial Services Group, Inc. (PNC - Free Report) to beat on earnings expectations when it reports first-quarter 2017 results, before the opening bell on Apr 13.
Why a Likely Positive Surprise?
Our proven model shows that PNC Financial has the right combination of two key ingredients – positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to beat earnings.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is pegged at +0.54%. This is a major indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: PNC Financial carries a Zacks Rank #2 (Buy).
Further, the company boasts a decent earnings surprise history. PNC Financial posted an earnings beat in three of the trailing four quarters, with an average positive earnings surprise of 3.2%.
PNC Financial Services Group, Inc. (The) Price and EPS Surprise
PNC Financial Services Group, Inc. (The) Price and EPS Surprise | PNC Financial Services Group, Inc. (The) Quote
Shares of PNC Financial rallied 38.6% over the past one year, outperforming the Zacks categorized Banks – Major Regional industry’s 32.7% growth.
What’s in Store?
Management expects PNC Financial’s NII to remain stable in first-quarter 2017. However, on account of seasonality and lower client activity, fee income is likely to fall in the mid-single-digit range, per the company.
The company projects non-interest expense to fall sequentially by low-single digits. Further, it expects loan loss provision to be within $75–$125 million.
Period-end loans are projected to rise modestly during the quarter.
PNC Financial’s activities during the quarter were enough to win analysts’ confidence. As a result, over the last seven days, the Zacks Consensus Estimate for the quarter’s earnings increased slightly to $1.84.
Other Stocks to Consider
Here are some other stocks you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
BancorpSouth, Inc. has an earnings ESP of +2.63% and a Zacks Rank #3. It is slated to report first-quarter results on Apr 19. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The earnings ESP for Sun Trust Banks, Inc. (STI - Free Report) is +2.41% and it carries a Zacks Rank #2. The company is expected to release first-quarter results on Apr 21.
BB&T Corporation has an earnings ESP of +5.71% and a Zacks Rank #3. It is scheduled to report first-quarter results on Apr 20.
Want to learn more about major banks earnings? Check out our recent video article for additional information:
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>