Wells Fargo is expected to post earnings of $1.84 per share for the current quarter, a year-over-year change of +6.4%, with the Zacks Consensus Estimate edging up +0.1% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $7.25 points to a change of +15.5% from the prior year, while the next fiscal year's estimate of $7.94 indicates a change of +9.5%. Revenue is forecast at $22.22 billion for the current quarter, up +3.6% year over year, with full-year estimates of $88.61 billion and $93.06 billion for the current and next fiscal years. In its last reported quarter, Wells Fargo posted revenues of $22.62 billion, up +8.6% year over year, and EPS of $1.96 versus $1.54 a year earlier, beating the consensus revenue estimate of $21.8 billion by +3.76% and the EPS estimate by +13.29%. The stock carries a Zacks Rank #3 (Hold) and a Value Style Score of D, and over the past month its shares returned +2.7% against a -2.4% change for the Zacks S&P 500 composite.
Wells Fargo & CompanyConsensus estimates for Wells Fargo's upcoming earnings hold steady, with EPS and revenue forecasts detailed ahead of its quarterly report.
