KeyCorp reports results for the quarter ended December 31 - Earnings Summary

KeyCorp

21/01/2025 18:31

* KeyCorp  KEY.N  reported quarterly adjusted earnings of 38
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of nineteen analysts for the
quarter was for earnings of 33 cents per share. Wall Street
expected results to range from 30 cents to 36 cents per share.
    * Revenue fell 52% to $738.00 million from a year ago;
analysts
expected $1.74 billion. 
    * KeyCorp's reported EPS for the quarter was a loss of 28
cents​.
    * The company reported a quarterly loss of $279 million.
    * KeyCorp shares had risen by 6.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for KeyCorp is $20.00
This summary was machine generated from LSEG data January 21 at
06:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.33           0.38           Beat
 Sep. 30 2024      0.15           0.30           Beat
 Jun. 30 2024      0.24           0.25           Beat
 Mar. 31 2024      0.22           0.22           Met