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StockNews.com
Business
Aanchal Sugandh

U.S. Bancorp (USB) Earnings Preview: Should You Buy, Sell, or Hold?

USB US Bancorp Foreign Banks

U.S. Bancorp (USB) is set to unveil its fiscal 2023 fourth quarter financial results on January 17. Analysts estimate that the quarter’s revenue will climb by 8.4% year-over-year to $6.87 billion. Additionally, the company's EPS is projected to increase 58.5% from the corresponding period last year, reaching $0.90.  

However, the consensus revenue estimate of $6.82 billion for the fiscal 2024 first quarter ending March 2024 indicates a 4.6% year-over-year decrease. Likewise, the consensus EPS estimate of $0.93 for the current quarter exhibits a 10.2% decline from the prior year’s quarter.

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