* Truist Financial Corp reported quarterly adjusted earnings of 91 cents per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of nineteen analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 84 cents to 91 cents per share.
* Revenue fell 10.3% to $5.11 billion from a year ago; analysts expected $5.05 billion.
* Truist Financial Corp's reported EPS for the quarter was 91 cents.
* The company reported quarterly net income of $1.22 billion.
* Truist Financial Corp shares had risen by 3.7% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Truist Financial Corp is $50.00 This summary was machine generated from LSEG data January 17 at 02:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2024 0.88 0.91 Beat
Sep. 30 2024 0.91 0.97 Beat
Jun. 30 2024 0.82 0.91 Beat
Mar. 31 2024 0.79 0.84 Beat
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