Truist Financial Q4 EPS Expected to Rise 8.6% Ahead of Earnings

Truist Financial's Q4 earnings announcement is drawing attention. Analysts predict a profit of $0.88 per share, reflecting a solid increase from the prior year, signaling potential growth for investors.

Date: 02-01-2025

AI Rating: 7

Earnings Per Share (EPS): The report indicates that Truist Financial Corporation (TFC) is expected to announce an earnings per share (EPS) of $0.88 for the fiscal fourth quarter of 2024, which represents an 8.6% increase from the $0.81 EPS reported in the same quarter last year. This growth may positively impact investor sentiment and stock price leading up to the announcement.

For the fiscal year 2024, TFC is expected to report an EPS of $3.71, reflecting a 3.3% increase from $3.59 in fiscal 2023. This steady growth in EPS suggests a consistent improvement in profitability, which could lead to stronger investor confidence.

Revenue Growth: The report notes that TFC reported revenue of $5.14 billion in its Q3 earnings, which beat analysts’ expectations. This shows that the company is generating more income than anticipated, which is a positive indicator for future revenue growth.

The report mentions that TFC stock has risen 17.5% over the past year, although this is lower than the S&P 500's 23.8% gain and the US Regional Banks ETF's 20.4%. While the stock is underperforming compared to these benchmarks, the overall upward trajectory is still a positive sign.

Analysts maintain a "Moderate Buy" rating on TFC, with eight of the 21 analysts covering the stock recommending a “Strong Buy.” The average price target of $50.12 implies a potential upside of 15.5%, adding more optimism surrounding the stock.

Stocks: TFC