Truist Financial Corporation (TFC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - The market anticipates Truist Financial Corporation (TFC) to report a year-over-year earnings increase despite lower revenues in the upcoming earnings report for the quarter ended December 2024 [1] Earnings Expectations - Truist Financial is expected to post quarterly earnings of $0.87 per share, reflecting a year-over-year change of +7.4% [3] - Revenues are projected to be $5.01 billion, which is a decrease of 12.1% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 0.33% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for Truist Financial is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.27% [10][11] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8] - Truist Financial currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [11] Historical Performance - In the last reported quarter, Truist Financial exceeded the expected earnings of $0.89 per share by delivering $0.97, resulting in a surprise of +8.99% [12] - Over the past four quarters, the company has surpassed consensus EPS estimates three times [13] Industry Comparison - U.S. Bancorp (USB), a peer in the Zacks Banks - Major Regional industry, is expected to report earnings of $1.06 per share, indicating a year-over-year change of +7.1% [17] - U.S. Bancorp's revenues are expected to be $7.03 billion, up 4.4% from the previous year [17] - The consensus EPS estimate for U.S. Bancorp has been revised 0.2% higher, but it currently has an Earnings ESP of -0.43%, making predictions about beating the consensus EPS estimate less certain [18]