What Analyst Projections for Key Metrics Reveal About The PNC Financial Services Group (PNC) Q1 Earnings

Wall Street analysts forecast that The PNC Financial Services Group, Inc (PNC) will report quarterly earnings of $3.40 per share in its upcoming release, pointing to a year-over-year increase of 1.2%. It is anticipated that revenues will amount to $5.48 billion, exhibiting an increase of 6.5% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.That said, let's delve into the average estimates of some The PNC Financial Services Group metrics that Wall Street analysts commonly model and monitor.The combined assessment of analysts suggests that 'Efficiency ratio' will likely reach 62.0%. The estimate compares to the year-ago value of 65%.Analysts forecast 'Total interest-earning assets - Average balance' to reach $507.80 billion. Compared to the present estimate, the company reported $512.30 billion in the same quarter last year.The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $2.38 billion. Compared to the current estimate, the company reported $2.42 billion in the same quarter of the previous year.It is projected by analysts that the 'Total nonperforming loans' will reach $2.36 billion. Compared to the present estimate, the company reported $2.38 billion in the same quarter last year.The consensus estimate for 'Leverage Ratio' stands at 8.9%. The estimate compares to the year-ago value of 8.7%.The average prediction of analysts places 'Tier 1 risk-based ratio' at 11.7%. Compared to the present estimate, the company reported 11.5% in the same quarter last year.According to the collective judgment of analysts, 'Total capital risk-based' should come in at 13.5%. Compared to the present estimate, the company reported 13.4% in the same quarter last year.Analysts' assessment points toward 'Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP)' reaching $3.48 billion. The estimate is in contrast to the year-ago figure of $3.30 billion.Based on the collective assessment of analysts, 'Total Noninterest Income' should arrive at $2.02 billion. Compared to the current estimate, the company reported $1.88 billion in the same quarter of the previous year.Analysts predict that the 'Asset management and brokerage' will reach $374.66 million. Compared to the current estimate, the company reported $364 million in the same quarter of the previous year.The consensus among analysts is that 'Lending and deposit services' will reach $324.46 million. The estimate is in contrast to the year-ago figure of $305 million.Analysts expect 'Net Interest Income' to come in at $3.45 billion. The estimate compares to the year-ago value of $3.26 billion.View all Key Company Metrics for The PNC Financial Services Group here>>>Over the past month, shares of The PNC Financial Services Group have returned -6.3% versus the Zacks S&P 500 composite's -5.3% change. Currently, PNC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks