Commerce Bancshares CBSH unveils its next round of earnings this Tuesday, October 20. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
Sell-side analysts expect Commerce Bancshares's EPS to be near $0.69 on sales of $333.87 million. Commerce Bancshares EPS in the same period a year ago totaled $0.98. Revenue was $336.25 million. If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 29.59%. Revenue would be down 0.71% from the year-ago period. Here is how the Commerce Bancshares's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.55 | 0.87 | 0.92 |
| EPS Actual | 0.34 | 0.44 | 0.93 | 0.98 |
| Revenue Estimate | 324.37 M | 329.94 M | 336.94 M | 337.57 M |
| Revenue Actual | 320.57 M | 324.73 M | 346.12 M | 336.25 M |
Stock Performance
Shares of Commerce Bancshares were trading at $58.29 as of October 16. Over the last 52-week period, shares are down 3.82%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Commerce Bancshares is scheduled to hold the call at 06:00:00 ET and can be accessed here: http://investor.commercebank.com/event
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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