BB&T Earnings Preview
Watch BB&T's (NYS: BBT) earnings report to see if it can beat analyst expectations for the fourth consecutive quarter. The company will unveil its latest earnings on Thursday. BB&T is a financial holding company that, through its subsidiary Branch Banking and Trust, provides a range of banking services and loans to individuals and businesses.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on BB&T with 20 of 30 analysts rating it hold. Analysts don't like BB&T as much as competitor SunTrust Banks overall. Eleven out of 26 analysts rate SunTrust Banks a buy compared to eight of 30 for BB&T. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $2.18 billion in revenue this quarter. That would represent a decline of 9.9% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.49 per share. Estimates range from $0.44 to $0.58.
What our community says:
CAPS All-Stars are solidly behind the stock with 88.4% giving it an outperform rating. The community at large agrees with the All-Stars with 87.9% assigning it a rating of outperform. Fools have embraced BB&T and haven't been shy with their opinions lately, logging 322 posts in the past 30 days. Despite the majority sentiment in favor of BB&T, the stock has a middling CAPS rating of three out of five stars.
BB&T's profit has risen year over year by an average of 29.1% over the past five quarters. Revenue has fallen for the past three quarters.
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At the time this article was published