Save the date! Friday 11th October 2024, is when Wells Fargo (NYSE: WFC) will be sharing its eagerly awaited third quarter financial results. Investors and analysts will be able to gain valuable insights into the company’s financial performance as the announcement is scheduled before market open.
According to predictions from financial analysts on Wall Street, the firm is expected to report an estimated per share $1.28 profit for the quarter. Furthermore, the company is anticipated to unveil a total revenue of $20.4 billion during this period.
According to the Wall Street analysts projections, the company is expected to generate a total revenue of $82.25 billion for the fiscal year. Additionally, these analysts anticipate that the company will report profit of $5.08 per share during the same period.
The company’s earnings report for the corresponding quarter of the previous year showcased a per-share income of $1.48. This figure was a result of the company’s total revenue, which reached an impressive $20.86 billion million during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.33 | +6.4% | 20.69 B | +0.8% |
| Q1 2024 | $1.20 | -2.4% | 20.86 B | +0.6% |
| Q4 2023 | $1.29 | +92.5% | 20.48 B | +4.2% |
| Q3 2023 | $1.48 | +74.1% | 20.86 B | +6.9% |
| Q2 2023 | $1.25 | +68.9% | 20.53 B | +20.6% |
| *Growth on year-over-year basis | ||||
WFC will host a conference call with investment community on 11th October 2024 at 10:00 AM eastern time to discuss the financial results.
During Friday’s trading, Wells Fargo (WFC) shares reached a low of $55.99 and a high of $57.13, along with a total volume of 11.87 million shares. The stock ended the regular trading session at $56.96, demonstrating an upturn of 3.60 percent.
