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Your Two Minute Earnings Preview for US Bank (USB) Stock
Today’s quick video takes a closer look at US Bank (USB - Free Report) ahead of their earnings report. This company, like many big banks out there, has risen in the past few months, but will need a better outlook to keep the streak alive.
Fortunately, several banks have reported solid results, suggesting that we could see something similar for USB this quarter. USB also finds itself in an industry within the top 25% overall, so the sector is looking pretty impressive heading into the release.
Investors should note that earnings estimates have been sliding into the report, and that we currently have a negative Earnings ESP on this name. Add in a Zacks Rank #4 (Sell) and an ‘F’ VGM score, and it may be a good idea to look elsewhere in the promising space for better picks this earnings season.
US BANCORP Price and Consensus
US BANCORP Price and Consensus | US BANCORP Quote
US Bank reports on October 19th before the bell, and we are looking for earnings of $0.84/share. Make sure to watch the video for a quick guide to USB heading into the report, but if you want to learn more about trading in earnings season, check out our podcast below: