KeyCorp Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
KeyCorp (NYSE:KEY) is anticipated to report lower Q4 earnings with an expected EPS of 23 cents, down from 38 cents a year ago, and revenue of $1.53 billion, down from $1.9 billion. Despite the projected decline, several analysts have upgraded the stock or raised price targets, citing positive outlooks with accuracy rates ranging from 66% to 77%. KeyCorp's stock price dropped slightly by 0.6% to $13.84 on Wednesday.
January 18, 2024 | 7:41 am
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KeyCorp is expected to report lower Q4 earnings with a projected EPS of 23 cents and revenue of $1.53 billion. However, analysts have recently upgraded the stock and raised price targets, indicating a positive outlook.
The projected decrease in earnings and revenue for KeyCorp suggests a negative short-term impact. However, the recent analyst upgrades and increased price targets may counterbalance the negative earnings news, leading to a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100