Financial services giant PNC (NYSE: PNC) will be announcing earnings results this Wednesday before market hours. Here’s what to expect.

PNC Financial Services Group met analysts’ revenue expectations last quarter, reporting revenues of $5.45 billion, up 6% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ tangible book value per share estimates but EPS in line with analysts’ estimates.

Is PNC Financial Services Group a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting PNC Financial Services Group’s revenue to grow 3.3% year on year to $5.59 billion, improving from the 2.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.56 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 10 downward revisions over the last 30 days (we track 11 analysts). PNC Financial Services Group has missed Wall Street’s revenue estimates five times over the last two years.

Looking at PNC Financial Services Group’s peers in the banks segment, only FB Financial has reported results so far. It missed analysts’ revenue estimates by 43.5%, posting year-on-year sales declines of 40.1%.

There has been positive sentiment among investors in the banks segment, with share prices up 11.6% on average over the last month. PNC Financial Services Group is up 12.7% during the same time and is heading into earnings with an average analyst price target of $209.33 (compared to the current share price of $197.40).

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