The PNC Financial Services Group, Inc (PNC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Earnings Outlook for PNC Financial Services Group - PNC Financial Services Group is expected to report a year-over-year increase in earnings and revenues for the quarter ended December 2024 [1] - The consensus estimate for quarterly earnings is $3.30 per share, representing a year-over-year increase of 4.4$5.47 billion, up 2.1% from the year-ago quarter [3] - The stock price may move higher if the actual results exceed expectations, or lower if they miss [2] Estimate Revisions and Earnings ESP - The consensus EPS estimate for PNC has been revised 1.1% higher over the last 30 days [4] - The Most Accurate Estimate for PNC is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.31% [11] - A positive Earnings ESP combined with a Zacks Rank of 3 (Hold) suggests PNC is likely to beat the consensus EPS estimate [11] - Stocks with a positive Earnings ESP and Zacks Rank of 1, 2, or 3 produce a positive surprise nearly 70% of the time [8] Historical Earnings Performance - PNC has beaten consensus EPS estimates in each of the last four quarters [13] - In the last reported quarter, PNC delivered a surprise of +6.08%, with actual earnings of $3.49 per share compared to the expected$3.29 [12] Industry Comparison - Bank of America (BAC), another player in the Financial - Investment Bank industry, is expected to post earnings of $0.78 per share for the quarter ended December 2024, a year-over-year increase of 11.4$25.23 billion, up 14.9% from the year-ago quarter [17] - BAC's consensus EPS estimate has been revised 0.7% higher over the last 30 days, but it has an Earnings ESP of -1.09%, making it difficult to predict an earnings beat [18] - BAC has beaten consensus EPS estimates in each of the trailing four quarters [18]