The PNC Financial Services Group, Inc (PNC) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - The PNC Financial Services Group is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on January 16, with a consensus estimate of quarterly earnings at $4.23 per share, reflecting a year-over-year increase of +12.2% [3]. - Revenues are projected to be $5.96 billion, which is a 7.1% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.95% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for PNC is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.28% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [10]. - PNC currently holds a Zacks Rank of 2, indicating a high likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, PNC exceeded the expected earnings of $4.05 per share by delivering $4.35, resulting in a surprise of +7.41% [13]. - Over the past four quarters, PNC has consistently beaten consensus EPS estimates [14]. Industry Comparison - In contrast, Goldman Sachs is expected to report earnings of $11.69 per share for the same quarter, indicating a year-over-year decline of -2.2%, with revenues projected at $14.54 billion, up 4.8% from the previous year [19]. - Goldman has an Earnings ESP of -0.14% and a Zacks Rank of 3, making it challenging to predict an earnings beat [20].