KeyCorp Set to Report Q1 Earnings Amid Mixed Analyst Sentiments

KeyCorp (KEY), based in Cleveland, Ohio, serves as the holding company for KeyBank National Association. With a market cap of $17.6 billion, it provides a range of financial services including retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking. The company is expected to announce its fiscal first-quarter earnings for 2025 on Thursday, April 17, before the market opens.

Analysts predict that KeyCorp will report a profit of $0.33 per share on a diluted basis. This estimate represents a notable increase of 50% from $0.22 per share in the same quarter last year. Historically, the company has shown resilience, beating consensus estimates in three of the past four quarters, while falling short on one occasion.

Looking at the fiscal year, analysts forecast EPS of $1.47 for KEY, marking a 26.7% growth from $1.16 in fiscal 2024. The earnings per share is projected to climb to $1.73, reflecting a year-over-year rise of 17.7% in fiscal 2026.

Over the past 52 weeks, KEY stock has underperformed the S&P 500 index, which gained 3.6%, with shares declining by 7.4%. In relation to the Financial Select Sector SPDR Fund (XLF), which saw a 14.5% rise during the same period, KEY’s performance has been less favorable.

After reporting its fourth-quarter results on January 21, KEY shares dropped over 3%. The adjusted EPS for the quarter grew by 52% year-over-year to $0.38. However, the company’s revenue fell to $865 million, reflecting a significant year-over-year drop of 43.8%.

Overall, analysts maintain a reasonably optimistic view on KEY stock, with a “Moderate Buy” consensus rating. Out of 20 analysts monitoring the stock, nine recommend a “Strong Buy,” two advocate for a “Moderate Buy,” while the remaining nine suggest a “Hold.” The average price target set by analysts stands at $18.97, indicating a potential upside of 34.3% from current trading levels.

On the date of publication, Neha Panjwani did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All information and data in this article are provided solely for informational purposes. For more details, please review the Barchart Disclosure Policy here.

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