US Bancorp reports results for the quarter ended June 30 - Earnings Summary

• US Bancorp USB reported quarterly adjusted earnings of $1.11​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of twenty two analysts for the quarter was for earnings of $1.07 per share. Wall Street expected results to range from $1.01 to $1.09 per share.

• Revenue rose 2% to $6.98 billion from a year ago; analysts expected $7.05 billion.

• US Bancorp's reported EPS for the quarter was $1.11​.

• The company reported quarterly net income of $1.73 billion.

• US Bancorp shares had risen by 1.0% this quarter and lost 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for US Bancorp is $52.00, about 12.2% above its last closing price of $45.68

This summary was machine generated from LSEG data July 17 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)