FITB - Fifth Third Bancorp Q2 Earnings Beat Estimates | Benzinga
Fifth Third Bancorp (NASDAQ: FITB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.38%. A quarter ago, it was expected that this company would post earnings of $0.71 per share when it actually produced earnings of $0.76, delivering a surprise of 7.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Fifth Third Bancorp, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $2.08 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.37%. This compares to year-ago revenues of $2.18 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fifth Third Bancorp shares ...