Have you been eager to see how Regions Financial Corporation (RF – Analyst Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this AL-based popular bank’s earnings release this morning.

An Earnings Miss

 Regions Financial came out with earnings per share of 19 cents, missing the Zacks Consensus Estimate of 20 cents. Elevated expenses were primarily responsible for this earnings miss.

How Was the Estimate Revision Trend?

You should note that the earnings estimate revisions for Regions Financial depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days.

Before posting an earnings miss in Q3, the company missed the Zacks Consensus Estimate by an average of 9.92% in the trailing four quarters.

Revenue Came In Lower Than Expected    

Regions Financial posted revenues of $1.33 billion, which lagged the Zacks Consensus Estimate of $1.35 billion. However, it compared favorably with the year-ago number of $1.32 billion.

Key Stats to Note:

What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) for Regions Financial. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look unfavorable, it all depends on what sense the just-released report makes to the analysts.

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