worth buying post Earnings results? Wells Fargo & Company (NYSE:WFC)

Earnings results for Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company is expected* to report earnings on 10/14/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.03. The reported EPS for the same quarter last year was $0.56.

Wells Fargo & Company last issued its quarterly earnings data on July 13th, 2021. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.40. The company had revenue of $20.27 billion for the quarter, compared to the consensus estimate of $17.69 billion. Its revenue was up 10.8% compared to the same quarter last year. Wells Fargo & Company has generated $0.55 earnings per share over the last year ($3.49 diluted earnings per share) and currently has a price-to-earnings ratio of 13.4. Earnings for Wells Fargo & Company are expected to decrease by -16.70% in the coming year, from $4.37 to $3.64 per share. Wells Fargo & Company has confirmed that its next quarterly earnings report will be published on Thursday, October 14th, 2021. Wells Fargo & Company will be holding an earnings conference call on Thursday, October 14th at 11:30 AM Eastern. Interested parties can or dial in at 203-369-0389 with passcode “1421”.

Analyst Opinion on Wells Fargo & Company (NYSE:WFC)

According to the issued ratings of 20 analysts in the last year, the consensus rating for Wells Fargo & Company stock is Buy based on the current 9 hold ratings and 11 buy ratings for WFC. The average twelve-month price target for Wells Fargo & Company is $47.90 with a high price target of $60.00 and a low price target of $32.00.

on WFC’s analyst rating history

Wells Fargo & Company has received a consensus rating of Buy. The company’s average rating score is 2.55, and is based on 11 buy ratings, 9 hold ratings, and no sell ratings. According to analysts’ consensus price target of $47.90, Wells Fargo & Company has a forecasted upside of 2.7% from its current price of $46.65. Wells Fargo & Company has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company pays a meaningful dividend of 1.69%, higher than the bottom 25% of all stocks that pay dividends. Wells Fargo & Company has only been increasing its dividend for 2 years. The dividend payout ratio of Wells Fargo & Company is 145.45%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Wells Fargo & Company will have a dividend payout ratio of 21.98% next year. This indicates that Wells Fargo & Company will be able to sustain or increase its dividend.

Insiders buying/selling: Wells Fargo & Company (NYSE:WFC)

In the past three months, Wells Fargo & Company insiders have not sold or bought any company stock. Only 0.06% of the stock of Wells Fargo & Company is held by insiders. 70.82% of the stock of Wells Fargo & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Wells Fargo & Company (NYSE:WFC

Earnings for Wells Fargo & Company are expected to decrease by -16.70% in the coming year, from $4.37 to $3.64 per share. The P/E ratio of Wells Fargo & Company is 13.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.76. The P/E ratio of Wells Fargo & Company is 13.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.57. Wells Fargo & Company has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued. Wells Fargo & Company has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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