Have you been eager to see how BB&T Corporation performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
Earnings Beat
BB&T came out with adjusted earnings per share of 74 cents, which surpassed the Zacks Consensus Estimate of 73 cents.
Better-than-expected results were primarily driven by a rise in revenues, partially offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Q1 has remained stable over the last 7 days.
Notably, BB&T has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in three of the prior four quarters.
Overall, on an average the company posted positive earnings surprise of 6.4% in the trailing four quarters.
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.82 billion, marginally outpacing the Zacks Consensus Estimate of $2.77 billion. Moreover, it came 9.1% higher than the year-ago number.
Key Statistics to Note:
- Adjusted Efficiency ratio of 58.0%
- Average loans and leases held for investment were $142 billion for the quarter
- Average deposits were $161.4 billion
- Dividend payout ratio of 64.0% as of Mar 31, 2017
- Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10.1% as of Mar 31, 2017
What Zacks Rank Says
BB&T currently has a Zacks Rank #3 (Hold). 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 (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report!
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Have you been eager to see how BB&T Corporation performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
Earnings Beat
BB&T came out with adjusted earnings per share of 74 cents, which surpassed the Zacks Consensus Estimate of 73 cents.
Better-than-expected results were primarily driven by a rise in revenues, partially offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Q1 has remained stable over the last 7 days.
Notably, BB&T has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in three of the prior four quarters.
Overall, on an average the company posted positive earnings surprise of 6.4% in the trailing four quarters.
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.82 billion, marginally outpacing the Zacks Consensus Estimate of $2.77 billion. Moreover, it came 9.1% higher than the year-ago number.
Key Statistics to Note:
What Zacks Rank Says
BB&T currently has a Zacks Rank #3 (Hold). 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 (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>