Results: The PNC Financial Services Group, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Last week, you might have seen that The PNC Financial Services Group, Inc. (NYSE:PNC) released its third-quarter result to the market. The early response was not positive, with shares down 2.5% to US$179 in the past week. The result was positive overall - although revenues of US$5.9b were in line with what the analysts predicted, PNC Financial Services Group surprised by delivering a statutory profit of US$4.35 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the most recent consensus for PNC Financial Services Group from 16 analysts is for revenues of US$24.7b in 2026. If met, it would imply a notable 13% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to ascend 12% to US$17.65. Before this earnings report, the analysts had been forecasting revenues of US$24.4b and earnings per share (EPS) of US$17.56 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

See our latest analysis for PNC Financial Services Group

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$222. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values PNC Financial Services Group at US$240 per share, while the most bearish prices it at US$191. This is a very narrow spread of estimates, implying either that PNC Financial Services Group is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that PNC Financial Services Group's rate of growth is expected to accelerate meaningfully, with the forecast 10% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 6.2% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 7.7% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect PNC Financial Services Group to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$222, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for PNC Financial Services Group going out to 2027, and you can see them free on our platform here..

You can also see whether PNC Financial Services Group is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.