General Electric and SunTrust Banks have set up their financial earnings calls for their respective first quarters of the fiscal year 2017 (1QFY17) before the opening bell on Friday, April 21. Our research shows that both companies have delivered impressive results in the past. Being consistent with them, the analysts anticipate both General Electric and SunTrust Banks to exceed their expectations this season as well. We analyze their past performances and recent quarter whispers in detail below.
For 1QFY17, our research highlights that consensus expects General Electric Company (NYSE:GE) to report 17 cents in earnings per share (EPS), marking about 19% year-over-year (YoY) decline in per share earnings. However, Earningswhispers.com expects a beat on Street’s bottom line expectations, with its forecast of 18 cents. Moreover, the estimates also compare to the Massachusetts-based company’s previous quarter EPS of 46 cents.
The consensus also predicts General Electric’s 1QFY17 revenues to clock in at $26.4 billion. Interestingly, the estimate remains consistent with the expectations set by Estimize.com. However, both estimates remain slightly below the $263.02 billion company’s 1QFY17 and 4QFY17 revenues of $27.8 billion and $33.1 billion, respectively.
For the quarter ended March 31, SunTrust Banks, Inc. (NYSE:STI) consensus EPS estimate stands at 84 cents. While the Street estimate represents 6.67% quarter-over-quarter (QoQ) decline on the bottom line, it remains consistent with EPS announced by the Georgia-based company during the same quarter of last year. In contrast, Earningswhispers.com’s prediction stands at 85 cents.
According to Wall Street analysts, SunTrust is likely to announce $2.2 billion revenues for the quarter ended March 31. However, while Estimize.com predicts revenues to go slightly higher to $2.21 billion this season, the net sales are still predicted to fall short of $2.2 billion and $2.3 billion, announced by $26.26 billion company for 1QFY16 and 4QFY16, respectively.