Truist Financial will announce its earnings results this Friday morning. Analysts expect the company's revenue to grow 3.6% year over year, an improvement from flat revenue in the same quarter last year. Last quarter, Truist reported revenues of $5.20 billion, up 5% year on year, meeting analyst expectations on revenue but delivering a mixed quarter with an EPS beat and a slight miss on net interest income. The company has missed Wall Street revenue estimates multiple times over the last two years, though analyst estimates have been generally reconfirmed over the last 30 days. Truist Financial shares are up 7.1% over the last month, heading into earnings with an average analyst price target of $55.10 compared to the current share price of $52.60.
Truist Financial CorpEarnings report expected with revenue growth, but past misses and mixed results create uncertainty.