Uncovering Potential: Fifth Third Bancorp's Earnings Preview

Fifth Third Bancorp (NASDAQ:FITB) will release its quarterly earnings report on Friday, 2024-10-18. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Fifth Third Bancorp to report an earnings per share (EPS) of $0.83.

Anticipation surrounds Fifth Third Bancorp's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.01, leading to a 0.0% drop in the share price the following trading session.

Here's a look at Fifth Third Bancorp's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	0.85	0.69	0.85	0.82
EPS Actual	0.86	0.76	0.99	0.92
Price Change %	2.0%	6.0%	3.0%	-7.000000000000001%

Fifth Third Bancorp Share Price Analysis

Shares of Fifth Third Bancorp were trading at $44.98 as of October 16. Over the last 52-week period, shares are up 95.06%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Fifth Third Bancorp visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.