Commerce Bancshares Q4 EPS $0.84 Vs. $1.00 Last Year, Sales $393.30M Beat $386.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Commerce Bancshares (NASDAQ:CBSH) reported a decrease in Q4 EPS to $0.84 from $1.00 in the previous year, while sales slightly increased to $393.30M, surpassing the $386.34M estimate.
January 18, 2024 | 11:03 am
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Commerce Bancshares reported a decrease in Q4 EPS year-over-year but exceeded sales estimates, indicating mixed financial performance.
The decrease in EPS may concern investors about profitability, potentially putting downward pressure on the stock. However, the sales beat might offset this with a positive outlook on revenue growth. The mixed results lead to a neutral score, as the market may react in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100