Benzinga | Oct 13, 2020 10:14AM EDT

US Bancorp Earnings Preview

US Bancorp (NYSE: USB) will be releasing its next round of earnings this Wednesday, October 14. For all of the relevant information, here is your guide for Wednesday's Q3 earnings announcement.

Earnings and Revenue

Analysts expect US Bancorp earnings of $0.90 per share. Revenue will likely be around $5.71 billion, according to the consensus estimate. In the same quarter last year, US Bancorp reported earnings per share of $1.15 on sales of $5.89 billion. The analyst consensus estimate would represent a 21.74% decrease in the company's earnings. Sales would be down 3.14% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.22 0.58 1.08 1.11EPS Actual 0.41 0.72 1.08 1.15Revenue Estimate 5.54 B 5.56 B 5.78 B 5.82 BRevenue Actual 5.81 B 5.75 B 5.64 B 5.89 B

Stock Performance

Shares of US Bancorp were trading at $39.75 as of October 12. Over the last 52-week period, shares are down 27.52%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. US Bancorp is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/tkesycb3