Benzinga | Jul 21, 2021 10:38AM EDT

Preview: Fifth Third Bancorp's Earnings

Fifth Third Bancorp (NASDAQ:FITB) unveils its next round of earnings this Thursday, July 22. Get prepared with Benzinga's ultimate preview for Fifth Third Bancorp's Q2 earnings.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Sell-side analysts expect Fifth Third Bancorp's EPS to be near $0.8 on sales of $1.94 billion. In the same quarter last year, Fifth Third Bancorp reported EPS of $0.3 on revenue of $1.85 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to report earnings in line when it publishes results Thursday, quarterly profit would be up 166.67%. Revenue would be up 4.7% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.69 0.69 0.60 0.22EPS Actual 0.93 0.88 0.85 0.30Revenue Estimate 1.90 B 1.91 B 1.86 B 1.85 BRevenue Actual 1.93 B 1.97 B 1.90 B 1.85 B

Want Real-Time Earnings Calendar Updates?

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Stock Performance

Over the last 52-week period, shares of Fifth Third Bancorp are up 89.82%.

Do not be surprised to see the stock move on comments made during its conference call. Fifth Third Bancorp is scheduled to hold the call at 09:00:00 ET and can be accessed here.