FITB Tops EPS Estimate as STLD and AGNC Fall Short
Six large-cap companies reported on Oct. 19; FITB earned $1.13 per share vs $0.86 expected, while STLD and AGNC posted EPS below consensus estimates.
A small group of large U.S.-listed companies reported quarterly results on Monday, Oct. 19, according to FMP's earnings calendar, which covers companies valued at $10 billion or more. Four of the six companies discussed here topped earnings-per-share estimates, while two fell short.
FITB reported EPS of $1.13 against a consensus of $0.86, a margin of 31.40%, while revenue of $3.28 billion was below the $3.34 billion estimate. WTFC earned $3.37 per share versus $3.31 expected, on revenue of $757.88 million against $754.85 million. WRB posted EPS of $1.17 against $1.15, with revenue of $3.74 billion versus a $3.82 billion estimate.
CCK reported EPS of $2.39 against a $2.26 estimate, 5.75% above consensus, and revenue of $3.71 billion exceeded the $3.45 billion forecast by 7.58%.
STLD earned $5.26 per share, below the $5.48 consensus, although revenue of $6.51 billion topped the $6.43 billion estimate. AGNC reported EPS of $0.37 against an estimate of $0.3724, with revenue of $1.20 billion versus $1.06 billion expected.
The reports came on a day when SPY rose 0.42%, the financials sector ETF XLF fell 0.83% and large banks WFC, JPM and BAC were among the five largest large-cap decliners. None of the reporting companies appeared on the day's top gainers or decliners lists. The calendar does not state whether results were released before or after the trading session.
Data
| Symbol | EPS actual | EPS est. | Revenue actual | Revenue est. |
|---|---|---|---|---|
| FITB | 1.13 | 0.86 | $3.28B | $3.34B |
| STLD | 5.26 | 5.48 | $6.51B | $6.43B |
| WRB | 1.17 | 1.15 | $3.74B | $3.82B |
| CCK | 2.39 | 2.26 | $3.71B | $3.45B |
| AGNC | 0.37 | 0.3724 | $1.20B | $1.06B |
| WTFC | 3.37 | 3.31 | $757.88M | $754.85M |
Neutral market summary for information only; not investment advice.
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