Earnings Preview: Commerce Bancshares
Portfolio Pulse from Benzinga Insights
Commerce Bancshares (NASDAQ:CBSH) is scheduled to release its quarterly earnings report on January 18, 2024. Analysts predict an EPS of $0.83. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, CBSH's stock price has reacted negatively to past earnings reports, even with an EPS beat. Shares are currently trading at $52.37, down 17.25% over the last year. The stock's performance may be influenced by the upcoming earnings report and guidance provided.
January 17, 2024 | 3:01 pm
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NEGATIVE IMPACT
Commerce Bancshares is expected to report an EPS of $0.83 for the upcoming quarter. Historical data shows negative stock reactions to earnings reports, even with EPS beats. Current share price is $52.37, with a 17.25% decline over the past year.
Given the historical negative reaction to earnings reports and the current downward trend in stock price, it is likely that the stock may experience a short-term decline post-earnings, especially if the company fails to meet or exceed expectations and provide positive guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100