Earnings Preview: Commerce Bancshares
Portfolio Pulse from Benzinga Insights
Commerce Bancshares (NASDAQ:CBSH) is set to release its quarterly earnings report on October 18, 2023. Analysts estimate an EPS of $0.93. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $48.29, down 25.25% over the last 52-week period.
October 17, 2023 | 4:01 pm
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Commerce Bancshares is expected to report an EPS of $0.93 for Q3 2023. The company has a history of beating EPS estimates but experiencing a drop in share price. The stock is down 25.25% over the last 52 weeks.
Commerce Bancshares has a history of beating EPS estimates, which is generally a positive signal. However, the company's stock price has tended to drop following these beats, indicating that the market may have already priced in these expectations. Additionally, the stock has been on a downward trend over the past year, which could continue if the company does not provide positive guidance for the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100