Earnings from Regions Financial Corporation [RF] are scheduled on April 23, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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RF Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.47 per share on revenue of $1.55B. Taking a look at the future, the company is projected to report revenue of $1.55B at an earnings per share of $0.48 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 0.50% in revenue and 0.36% in earnings per share for the company.
RF Stock Earnings Forecast For The Current Year
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For the full financial year, Regions Financial Corporation [NYSE:RF] is forecasted to generate revenue of $6.21B. The figure is about $-40.0 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.93 in 2021, which is $0.9 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 87.40% this year, -0.50% next year, and -21.60% annually over the next five years. With regard to sales, forecasts suggest a decline of -0.70% in current fiscal year and 0.50% over following year.
RF Stock Price Performance
At the close of Thursday’s session, Regions Financial Corporation [NYSE:RF] finished down -1.27% at $20.29. The stock’s highest single-day price was $20.77, and its lowest was $20.26. Its price fall -3.24% in the last five days. Since the beginning of the year, Regions Financial Corporation’s shares are up nearly 25.87%. However, the share price is -10.26% below its one year high. The top price reached by the shares of the company was $22.61 on 02/25/21, while the 52-week low came on 01/04/21, when the shares were $15.72. In the past year, shares of the company have risen 123.21%. At 50 days, the moving average achieved is $20.81 while at 200 days, the moving average is $15.52. There were 8.3 million shares traded in the last session, up from 6.89 million in the previous session.
Regions Financial Corporation [NYSE:RF] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 19.74, Regions Financial Corporation [RF] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 13.18 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 4.52 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.72 for the industry, which means RF offers an unattractive investment opportunity than its competitors do.
RF Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 20.29 level, and the violation of this level will cause a further drop to 20.11 level. At the upper end, 21.13 remains a key resistance. As the stock increases, it may find resistance at 20.95. In the 14-day chart, the Relative Strength Index standing at 45.06 suggests a technical neutral stance while the MACD standing at -0.64 indicates price will decrease in the next trading period. Stochastic %K at 28.72% suggests holding the stock while Percent R indicator at 67.60% suggests low price movement.
How much is the short interest in Regions Financial Corporation?
There have been a drop in short interest in the Regions Financial Corporation Financial stock, with short interest down by -5.01 million shares to 23.88 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 18.87 million shares. This 20.98% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 2.23% of the overall float in the stock, while the stock’s days to cover moved to 1.75.
How do analysts view Regions Financial Corporation?
In regard to the share price forecast for Regions Financial Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $23.00 in the next twelve months, representing almost an 11.78% growth from its recent price of $20.29. Among Regions Financial Corporation stock projections, $25.00 is the highest analyst target for the stock, while $19.00 is the lowest. Despite this, 27 analysts who share their consensus rating for RF in 2021 agree that the stock is an Overweight.