U.S. Bancorp Earnings Preview
Portfolio Pulse from Benzinga Insights
U.S. Bancorp (NYSE:USB) is scheduled to release its quarterly earnings report on January 17, 2024. Analysts predict an EPS of $0.98. Investors are looking for an earnings beat and positive guidance for future growth. U.S. Bancorp's past earnings performance shows mixed results with minor share price movements following earnings releases. The stock is currently trading at $42.15, with a 10.39% decline over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
January 16, 2024 | 3:00 pm
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U.S. Bancorp is expected to report an EPS of $0.98 in its upcoming earnings, with investors focusing on guidance for future quarters. Historical performance shows minor stock price reactions post-earnings.
The expected EPS of $0.98 sets a benchmark for U.S. Bancorp's performance. Historical data suggests that the stock price may not significantly react to a slight earnings beat or miss, but guidance provided for future quarters could have a more substantial impact. The current bearish sentiment due to the 10.39% annual decline in stock price may temper any positive reaction to an earnings beat unless accompanied by strong future guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100