For the current quarter, the 26.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.67 a share, which would compare with $0.62 in the same quarter last year. They have a high estimate of $0.72 and a low estimate of $0.62. Revenue for the period is expected to total nearly $2.73B from $2.37B the year-ago period.
For the full year, 28.00 Wall Street analysts forecast this company would deliver earnings of 2.79 per share, with a high estimate of $2.97 and a low estimate of $2.62. It had reported earnings per share of $2.59 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $10.83B versus 9.76B in the preceding year.
The analysts project the company to maintain annual growth of around 6.86% percent over the next five years as compared to an average growth rate of 8.18% percent expected for its competitors in the same industry.
Among the 28 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for BBT is $38.60 but some analysts are projecting the price to go as high as $47.00. If the optimistic analysts are correct, that represents a 30 percent upside potential from the recent closing price of $36.18. Some sell-side analysts, particularly the bearish ones, have called for $34.00 price targets on shares of BB&T Corporation (NYSE:BBT).
In the last reported results, the company reported earnings of $0.62 per share, while analysts were calling for share earnings of $0.69. It was an earnings surprise of -10.10%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. The companys deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. Its loan portfolio comprises commercial, financial and agricultural, real estate construction and land development, real estate mortgage, and consumer loans. The company also provides asset management, automobile lending, bankcard lending, consumer finance, home equity and mortgage lending, insurance, investment brokerage, mobile/online banking, payment, sales finance, small business lending, and wealth management/private banking services. In addition, it offers association, capital markets, institutional trust, insurance premium finance, international banking, leasing, merchant, mortgage warehouse lending, private equity investments, real estate lending, and supply chain management services. Further, the company provides retail brokerage, equity and debt underwriting, investment advice, corporate finance, and equity research services, as well as facilitates the origination, trading, and distribution of fixed-income securities and equity products. As of April 4, 2016, it operated approximately 2,265 financial centers in 15 states and Washington, D.C. The company was founded in 1872 and is headquartered in Winston-Salem, North Carolina.
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