Have you ever been desirous to see how SunTrust Banks STI carried out in Q3 as compared with the market expectations? Let’s shortly scan by means of the important thing details from this Atlanta-based industrial banking group’s earnings launch this morning:
Earnings Decline Yr Over Yr
SunTrust’s adjusted earnings per share of $1.40 declined 1.4% from the year-ago quarter.
Rise in bills, partly offset by greater revenues damage outcomes.
How Was the Estimate Revision Pattern?
You need to notice that the earnings estimate revisions for SunTrust depicted a impartial stance previous to the earnings launch. The Zacks Consensus Estimate remained unchanged over the previous 30 days.
Notably, SunTrust has a powerful earnings shock historical past. The corporate delivered optimistic surprises in all the trailing 4 quarters, with a mean beat of three.6%.
SunTrust Banks, Inc. Value and EPS Shock
SunTrust Banks, Inc. price-eps-surprise | SunTrust Banks, Inc. Quote
Revenues Got here in Larger Than Anticipated
SunTrust posted whole revenues of $2.35 billion, which beat the Zacks Consensus…