Earnings Preview: BB&T, BlackRock, Capital One, CYS, Fifth Third

BB&T Corporation (BBT) will be releasing its Q2 2013 earnings data before the start of trading on Thursday, July 18. The average analysts’ estimate is for earnings of 73 cents per share, up 1% from the 72 cents per share posted in the year-ago period. Revenue is expected to fall 9% year-over-year to $2.46 billion. Earnings have been steady for the last eight quarters, with net income increasing on an average by 22% in the last four quarters. For the fiscal year, Wall Street is projecting earnings of $2.85 per share on revenue of $9.79 billion. The company has a market capitalization of $24.447 billion, and its stock has a 52 week high of $35.23 and a 52 week low of $26.86.

BlackRock, Inc. (BLK)
BlackRock, Inc. (BLK) will be issuing its Q2 2013 earnings before the market open on Thursday, July 18. The consensus estimate is for earnings of $3.82 per share on revenue of $2.49 billion. Over the past month, analysts have grown increasingly pessimistic, with the consensus estimate falling from $3.86 per share. For the fiscal year, earnings should be $15.78 per share, while revenue is projected to come in at $10.21 billion. BlackRock provides investment management services, and has a market cap of $45.915 billion.

Capital One Financial Corp. (COF)
Analysts expect Capital One Financial Corp. (COF) to report strong earnings and revenue for the second quarter amid increased spending by U.S. consumers. The bank holding company will post its second quarter results after the markets close on Thursday. On average, analyst forecast earnings of $1.73 per share on revenue of $5.53 billion. This compares with net income of $92 million, or 16 cents per share, on revenue of $5.1 billion, in the same period last year. Strong job gains and a housing recovery has made consumers feel more confident and willing to spend money and take on debt for major purchases.

CYS Investments Inc (CYS)
CYS Investments Inc (CYS) will post its second quarter earnings numbers on Thursday, July 18. The company reported first quarter earnings per share of $0.32, beating the consensus estimate of $0.30. CYS Investments recently declared a quarterly dividend of $0.34 per share, payable on July 17, to shareholders of record on June 25. Several analysts have recently updated their rating on the stock. Bank of America Corp. lowered the shares from a “neutral” rating to an “underperform” rating in a research note to investors on July 11. Analysts at Citigroup Inc. cut the stock to an “underweight” rating from a “hold” rating in a June 17 research note. The company has a market capitalization of $1.521 billion, and its stock has a one-year high of $15.03 and a low of $8.09.

Fifth Third Bancorp (FITB)
Fifth Third Bancorp (FITB) is slated to report its second quarter figures on Thursday, July 18. The consensus estimate is for a profit of 44 cents per share, up from 36 cents per share in the same period last year. Revenue is likely to decline 6% year-over-year to $1.61 billion for the period. For the fiscal year, Wall Street is projecting earnings of $1.75 per share on sales of $6.35 billion. The company has recorded two straight quarterly profits, and analysts are optimistic about the current quarter, with the average earnings estimate up from 41 cents, three months ago.