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Wall Street analysts forecast that Truist Financial Corporation (TFC) will report quarterly earnings of $0.87 per share in its upcoming release, pointing to a year-over-year increase of 7.4%. It is anticipated that revenues will amount to $5 billion, exhibiting a decline of 12.3% compared to the year-ago quarter.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Truist Financial metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Total nonperforming assets' reaching $1.53 billion. Compared to the current estimate, the company reported $1.49 billion in the same quarter of the previous year.
It is projected by analysts that the 'Average balance - Total earning assets' will reach $468.30 billion. Compared to the current estimate, the company reported $481.35 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 59.8%. Compared to the present estimate, the company reported 180.4% in the same quarter last year.
The consensus among analysts is that 'Total nonaccrual loans and leases' will reach $1.45 billion. The estimate compares to the year-ago value of $1.43 billion.
The collective assessment of analysts points to an estimated 'Tier 1 Leverage Ratio' of 10.4%. The estimate compares to the year-ago value of 9.3%.
The consensus estimate for 'Tier 1 Capital Ratio' stands at 12.8%. Compared to the current estimate, the company reported 13.7% in the same quarter of the previous year.
The average prediction of analysts places 'Total Capital Ratio' at 15.0%. Compared to the current estimate, the company reported 13.7% in the same quarter of the previous year.