Company Overview - Fifth Third Bancorp (FITB) is expected to report a year-over-year increase in earnings, with a projected EPS of $0.87, reflecting a +1.2% change, and revenues anticipated at $2.21 billion, up 6.3% from the previous year [3][12] Earnings Expectations - The earnings report is scheduled for July 17, and the stock may rise if the actual results exceed expectations, while a miss could lead to a decline [2][12] - The consensus EPS estimate has been revised 0.43% higher in the last 30 days, indicating a slight positive sentiment among analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model shows a negative Earnings ESP of -0.59% for Fifth Third Bancorp, suggesting analysts have become bearish on the company's earnings prospects [12] - Despite the negative Earnings ESP, the company holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12] Historical Performance - In the last reported quarter, Fifth Third Bancorp had an EPS of $0.73, surpassing the expected $0.70, resulting in a surprise of +4.29% [13] - Over the past four quarters, the company has consistently beaten consensus EPS estimates [14] Industry Comparison - M&T Bank Corporation (MTB), a peer in the Zacks Banks - Major Regional industry, is expected to post earnings of $4.03 per share, indicating a +6.3% year-over-year change, with revenues projected at $2.39 billion, up 3.6% [18][19] - M&T Bank has an Earnings ESP of +0.12% and a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [20]
Fifth Third Bancorp (FITB) Reports Next Week: Wall Street Expects Earnings Growth