KeyCorp (NYSE:KEY) is scheduled to report Q4 earnings results on January 23, 2020, before markets open for trading. The company is expected to report earnings of $0.48/share on revenue of $1.64 billion. The consensus earnings per share (EPS) of $0.48/share is based on a poll of 15 analysts and represents a growth of 0.8% over the same quarter last year when the company reported earnings of $0.48/share.
The revenue forecast of $1.64 billion based on a poll of 9 analysts implies a year-over-year (YoY) decline of -0.8%. Last year the company reported $1.653 billion in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 4 out of the last 8 tracked quarters, missed 1 quarter, and met expectations 3 quarters.
What are your expectations from KeyCorp for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report.
After the last earnings report for the period ending September 30, 2019, the stock price did not react much to the update.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
KeyCorp is currently trading at $19.50/share, down -0.5% for the day. The company is trading at approximately 95.0% of its 52-week high of $20.53/share. The company’s stock price is up 9.7% since the last earnings report and flat over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 50.75 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
KeyCorp’s current share price also implies a price-to-book (P/B) multiple of 1.3x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$19.50|
|P/E Ratio (Fwd)||10.7x|
|Total Debt to Capital (%)||43.7%|
|Levered Free Cash Flow||$3.527 billion|
|Market Capitalization||$19.295 billion|
Company Profile: KeyCorp
KeyCorp is a large-cap stock with a market capitalization of $19.295 billion. The company operates in the Financial sector and the Banks industry.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States.
The company’s Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans. It also purchases retail auto-sales contracts through a network of auto dealership; offers financial, estate and retirement planning, asset management, and trust services, as well as portfolio management, life insurance, charitable giving, and related services for high-net-worth clients. In addition, this segment provides deposits, investment and credit products, and business advisory services to small businesses; and commercial lending, cash management, equipment leasing, and investment products, as well as employee benefit programs, succession planning, capital market access, derivatives, and foreign exchange services to mid-sized businesses.
Its Key Corporate Bank segment offers a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans for middle-market clients comprising consumer, energy, healthcare, industrial, public, real estate, and technology sectors. The company also offers securities underwriting, investment banking, and brokerage services.
As of December 31, 2018, it offered its products and services through 1,159 retail banking branches and 1,505 automated teller machines in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center.
KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.