M&T Bank Corporation (MTB) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - M&T Bank Corporation (MTB) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for January 16, 2025, with a consensus estimate of $3.71 per share, reflecting a +32% year-over-year change. Revenues are projected to be $2.33 billion, up 1.3% from the previous year [3]. - The consensus EPS estimate has been revised 0.44% lower in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, suggesting that recent analyst revisions may provide more accurate insights into expected earnings [5][6]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, with historical data showing a nearly 70% success rate for this combination [8]. Current Analyst Sentiment - For M&T Bank, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.05%. The stock currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [10][11]. - Historically, M&T Bank has beaten consensus EPS estimates two out of the last four quarters, with a notable surprise of +13.33% in the last reported quarter [12][13]. Conclusion - While M&T Bank does not appear to be a compelling earnings-beat candidate, investors should consider other factors influencing stock performance ahead of the earnings release [16].