A Preview Of Columbia Banking System's Earnings
Portfolio Pulse from Benzinga Insights
Columbia Banking System (NASDAQ:COLB) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $0.93. The company's past performance shows a trend of share price increase following earnings reports, even when EPS estimates were missed. The stock was trading at $22.05 as of July 17, with a 27.48% increase over the last 52-week period.
July 18, 2023 | 4:02 pm
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Columbia Banking System is expected to announce its Q2 earnings on July 19, 2023. The company's stock has shown a positive trend in the past, even when EPS estimates were missed.
The upcoming earnings report is a significant event for Columbia Banking System. Given the historical trend of the company's stock price increasing following earnings reports, even when EPS estimates were missed, it is likely that the stock will react positively to the announcement. However, the actual impact will depend on the reported earnings and the company's guidance for the next quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100