Earnings Preview: Fifth Third Bancorp
Portfolio Pulse from Benzinga Insights
Fifth Third Bancorp (NASDAQ:FITB) is scheduled to release its quarterly earnings report on January 19, 2024. Analysts predict an EPS of $0.85. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, FITB's stock price has reacted negatively to past earnings reports, even when EPS estimates were beaten. Shares are currently trading at $33.79, with a 5.17% decline over the last 52 weeks.
January 18, 2024 | 2:00 pm
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NEGATIVE IMPACT
Fifth Third Bancorp is expected to report an EPS of $0.85 for the upcoming quarter. Despite past earnings beats, the stock has experienced declines following reports. Shares have decreased by 5.17% over the past year.
Given the historical negative reaction to earnings reports, even when beating estimates, there is a likelihood of a short-term negative impact on FITB's stock price. The current downward trend over the past year may also contribute to investor caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100