Comerica's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Comerica (NYSE:CMA) is set to release its quarterly earnings report on July 21, 2023. Analysts estimate an earnings per share (EPS) of $1.86. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price the following day. Comerica's shares are currently trading at $51.75, down 32.84% over the last 52-week period.
July 20, 2023 | 2:00 pm
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NEGATIVE IMPACT
Comerica's upcoming earnings report could impact its stock price. The company has a history of beating EPS estimates but experiencing a share price drop afterwards. Its shares are currently down 32.84% over the last 52 weeks.
Comerica's stock price has historically dropped following earnings reports, despite beating EPS estimates. Given this trend and the current negative return, the upcoming earnings report could potentially lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100