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Compared to Estimates, KeyCorp (KEY) Q3 Earnings: A Look at Key Metrics
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KeyCorp (KEY - Free Report) reported $1.6 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.8%. EPS of $0.30 for the same period compares to $0.29 a year ago.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $1.59 billion. With the consensus EPS estimate being $0.27, the EPS surprise was +11.11%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how KeyCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest margin - Proforma: 2.2% compared to the 2.2% average estimate based on six analysts.
Average balance - Total earning assets: $171.99 billion compared to the $171.36 billion average estimate based on six analysts.
Net loan charge-offs to average loans: 0.4% versus 0.4% estimated by six analysts on average.
Book value at period end: $14.53 versus the five-analyst average estimate of $13.13.
Cash Efficiency Ratio (non-GAAP): 156.4% versus the five-analyst average estimate of 69.9%.
Nonperforming assets - Total: $741 million compared to the $665.58 million average estimate based on three analysts.
Nonperforming loans at period-end: $728 million versus $658.15 million estimated by three analysts on average.
Total Risk-based Capital Ratio: 15.1% versus the two-analyst average estimate of 14.7%.
Leverage Ratio: 9.2% versus the two-analyst average estimate of 9.4%.
Tier 1 Risk-based Capital Ratio: 12.6% versus 12.2% estimated by two analysts on average.
Trust and investment services income: $140 million versus $140.44 million estimated by six analysts on average.
Investment banking and debt placement fees: $171 million versus the six-analyst average estimate of $156.14 million.
Shares of KeyCorp have returned +6.7% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, KeyCorp (KEY) Q3 Earnings: A Look at Key Metrics
KeyCorp (KEY - Free Report) reported $1.6 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.8%. EPS of $0.30 for the same period compares to $0.29 a year ago.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $1.59 billion. With the consensus EPS estimate being $0.27, the EPS surprise was +11.11%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how KeyCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest margin - Proforma: 2.2% compared to the 2.2% average estimate based on six analysts.
- Average balance - Total earning assets: $171.99 billion compared to the $171.36 billion average estimate based on six analysts.
- Net loan charge-offs to average loans: 0.4% versus 0.4% estimated by six analysts on average.
- Book value at period end: $14.53 versus the five-analyst average estimate of $13.13.
- Cash Efficiency Ratio (non-GAAP): 156.4% versus the five-analyst average estimate of 69.9%.
- Nonperforming assets - Total: $741 million compared to the $665.58 million average estimate based on three analysts.
- Nonperforming loans at period-end: $728 million versus $658.15 million estimated by three analysts on average.
- Total Risk-based Capital Ratio: 15.1% versus the two-analyst average estimate of 14.7%.
- Leverage Ratio: 9.2% versus the two-analyst average estimate of 9.4%.
- Tier 1 Risk-based Capital Ratio: 12.6% versus 12.2% estimated by two analysts on average.
- Trust and investment services income: $140 million versus $140.44 million estimated by six analysts on average.
- Investment banking and debt placement fees: $171 million versus the six-analyst average estimate of $156.14 million.
View all Key Company Metrics for KeyCorp here>>>Shares of KeyCorp have returned +6.7% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.