Comerica's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Comerica (NYSE:CMA) is set to release its quarterly earnings report on October 20, 2023. Analysts estimate an earnings per share (EPS) of $1.68. 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 $42.03, down 35.37% over the last 52-week period.

October 19, 2023 | 2:00 pm
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Comerica's upcoming earnings report could impact its stock price. Despite consistently beating EPS estimates, the company's share price has typically dropped following earnings announcements.
Comerica has a history of beating EPS estimates, which is generally a positive signal. However, the company's stock price has consistently dropped following earnings announcements, indicating that the market may not be reacting positively to these beats. Given this trend and the current negative returns, the upcoming earnings report could potentially lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100