Earnings Preview: U.S. Bancorp
Portfolio Pulse from Benzinga Insights
U.S. Bancorp (NYSE:USB) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $1.12. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $35.26, down 23.33% over the last 52 weeks.
July 18, 2023 | 2:03 pm
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U.S. Bancorp is expected to report an EPS of $1.12 for Q2. The company's stock has a history of falling after earnings beats, and it's down 23.33% over the last 52 weeks.
U.S. Bancorp's stock has a history of falling after earnings beats. Given that the stock is already down 23.33% over the last 52 weeks, it's likely that the upcoming earnings report could lead to further short-term declines, especially if the company beats the EPS estimate again.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100