Regional banking company Regions Financial (NYSE:RF) will be reporting earnings tomorrow before the bell. Here’s what to expect.
Regions Financial beat analysts’ revenue expectations last quarter, reporting revenues of $1.96 billion, up 2.3% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ tangible book value per share estimates.
Is Regions Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Regions Financial’s revenue to grow 2% year on year, slowing from the 3.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Regions Financial has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Regions Financial’s peers in the banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Home Bancshares delivered year-on-year revenue growth of 5.4%, missing analysts’ expectations by 1.7%, and FB Financial reported flat revenue, falling short of estimates by 2.8%. FB Financial traded down 4.8% following the results.
Read our full analysis of Home Bancshares’s results here and FB Financial’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6% on average over the last month. Regions Financial is down 3.8% during the same time and is heading into earnings with an average analyst price target of $31.70 (compared to the current share price of $27.40).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.