UPDATE: Zions Bancorp Q3 Adj. EPS $1.13 Misses $1.14 Estimate, Sales $765.00M Beat $764.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zions Bancorp reported its Q3 earnings with an adjusted EPS of $1.13, missing the estimate of $1.14. However, the company's sales of $765.00M surpassed the estimate of $764.40M.
October 18, 2023 | 8:32 pm
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NEUTRAL IMPACT
Zions Bancorp's Q3 earnings report showed a slight miss on EPS but a beat on sales. This mixed result could lead to uncertain short-term price movements.
Earnings reports are a major factor in a company's stock price. In this case, Zions Bancorp's slight miss on EPS could negatively impact the stock price, but the beat on sales could counteract this. The net effect is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100