/Truist%20Financial%20Corporation%20branch%20photo-by%20JHVEPhoto%20via%20Shutterstock.jpg)
Charlotte, North Carolina-based Truist Financial Corporation (TFC) is a financial services company that offers a wide array of services, including retail, small business, commercial banking, wealth management, insurance, mortgage, and specialized lending solutions. Valued at a market cap of $59.3 billion, the company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Friday, Oct. 17.
Before this event, analysts expect this bank to report a profit of $0.98 per share, up 1% from $0.97 per share in the year-ago quarter. The company has topped Wall Street’s earnings estimates in three of the last four quarters, while missing on another occasion. Its earnings of $0.91 per share in the previous quarter fell short of the consensus estimates by 1.1%.
For the current fiscal year, analysts expect TFC to report a profit of $3.85 per share, up 4.3% from $3.69 per share in fiscal 2024. Its EPS is expected to further grow 14.3% year-over-year to $4.40 in fiscal 2026.
Shares of TFC have gained 8.7% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 15.6% rise and the Financial Select Sector SPDR Fund’s (XLF) 19.6% uptick over the same time frame.
On Jul. 18, shares of TFC tumbled 1.7% after its mixed Q2 earnings release. Due to higher net interest income and noninterest income, the company’s total revenue improved significantly from the year-ago quarter, reaching $5 billion, and came in slightly ahead of analyst estimates. However, its adjusted EPS remained stable at $0.91, missing consensus estimates by a penny. This bottom-line shortfall might have weighed on investor sentiment.
Wall Street analysts are moderately optimistic about TFC’s stock, with a "Moderate Buy" rating overall. Among 23 analysts covering the stock, eight recommend "Strong Buy," two indicate "Moderate Buy," 12 suggest "Hold,” and one advises a “Strong Sell” rating. The mean price target for TFC is $49.21, implying a 6.9% potential upside from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
/Intel%20Corp_%20Santa%20Clara%20campus-by%20jejim%20via%20Shutterstock.jpg)
/The%20CrowdStrike%20logo%20on%20an%20office%20building%20by%20bluestork%20via%20Shutterstock.jpg)