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Curious about The PNC Financial Services Group (PNC) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that The PNC Financial Services Group, Inc (PNC - Free Report) will report quarterly earnings of $4.97 per share in its upcoming release, pointing to a year-over-year increase of 14.3%. It is anticipated that revenues will amount to $6.6 billion, exhibiting an increase of 11.1% compared to the year-ago quarter.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific The PNC Financial Services Group metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Efficiency ratio' reaching 56.9%. The estimate compares to the year-ago value of 59.0%.
Analysts predict that the 'Book value per common share' will reach $147.34 . The estimate is in contrast to the year-ago figure of $135.67 .
The combined assessment of analysts suggests that 'Total interest-earning assets - Average balance' will likely reach $564.21 billion. Compared to the current estimate, the company reported $518.13 billion in the same quarter of the previous year.
The consensus estimate for 'Total nonperforming assets' stands at $2.31 billion. The estimate compares to the year-ago value of $2.30 billion.
The consensus among analysts is that 'Total nonperforming loans' will reach $2.23 billion. The estimate is in contrast to the year-ago figure of $2.14 billion.
Based on the collective assessment of analysts, 'Tier 1 risk-based ratio' should arrive at 11.1%. Compared to the present estimate, the company reported 12.0% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Leverage Ratio' of 9.0%. Compared to the present estimate, the company reported 9.2% in the same quarter last year.
The average prediction of analysts places 'Total capital risk-based' at 12.7%. Compared to the present estimate, the company reported 13.6% in the same quarter last year.
It is projected by analysts that the 'Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP)' will reach $4.26 billion. The estimate is in contrast to the year-ago figure of $3.68 billion.
Analysts forecast 'Total Noninterest Income' to reach $2.34 billion. Compared to the current estimate, the company reported $2.27 billion in the same quarter of the previous year.
Analysts expect 'Net Interest Income' to come in at $4.23 billion. The estimate is in contrast to the year-ago figure of $3.65 billion.
According to the collective judgment of analysts, 'Lending and deposit services' should come in at $352.21 million. The estimate is in contrast to the year-ago figure of $335.00 million.
The PNC Financial Services Group shares have witnessed a change of -10.3% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), PNC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about The PNC Financial Services Group (PNC) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts forecast that The PNC Financial Services Group, Inc (PNC - Free Report) will report quarterly earnings of $4.97 per share in its upcoming release, pointing to a year-over-year increase of 14.3%. It is anticipated that revenues will amount to $6.6 billion, exhibiting an increase of 11.1% compared to the year-ago quarter.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific The PNC Financial Services Group metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Efficiency ratio' reaching 56.9%. The estimate compares to the year-ago value of 59.0%.
Analysts predict that the 'Book value per common share' will reach $147.34 . The estimate is in contrast to the year-ago figure of $135.67 .
The combined assessment of analysts suggests that 'Total interest-earning assets - Average balance' will likely reach $564.21 billion. Compared to the current estimate, the company reported $518.13 billion in the same quarter of the previous year.
The consensus estimate for 'Total nonperforming assets' stands at $2.31 billion. The estimate compares to the year-ago value of $2.30 billion.
The consensus among analysts is that 'Total nonperforming loans' will reach $2.23 billion. The estimate is in contrast to the year-ago figure of $2.14 billion.
Based on the collective assessment of analysts, 'Tier 1 risk-based ratio' should arrive at 11.1%. Compared to the present estimate, the company reported 12.0% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Leverage Ratio' of 9.0%. Compared to the present estimate, the company reported 9.2% in the same quarter last year.
The average prediction of analysts places 'Total capital risk-based' at 12.7%. Compared to the present estimate, the company reported 13.6% in the same quarter last year.
It is projected by analysts that the 'Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP)' will reach $4.26 billion. The estimate is in contrast to the year-ago figure of $3.68 billion.
Analysts forecast 'Total Noninterest Income' to reach $2.34 billion. Compared to the current estimate, the company reported $2.27 billion in the same quarter of the previous year.
Analysts expect 'Net Interest Income' to come in at $4.23 billion. The estimate is in contrast to the year-ago figure of $3.65 billion.
According to the collective judgment of analysts, 'Lending and deposit services' should come in at $352.21 million. The estimate is in contrast to the year-ago figure of $335.00 million.
View all Key Company Metrics for The PNC Financial Services Group here>>>The PNC Financial Services Group shares have witnessed a change of -10.3% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), PNC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .