Earnings Preview For Zions Bancorp
Portfolio Pulse from Benzinga Insights
Zions Bancorp (NASDAQ:ZION) is scheduled to release its quarterly earnings report on Monday, 2024-01-22, with analysts expecting an EPS of $0.99. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, ZION's stock price has been sensitive to earnings performance and guidance. Last quarter, ZION missed EPS estimates by $0.01, resulting in a 9.67% share price drop the following day. Over the past year, ZION shares have declined by 23.04%, indicating potential investor concern ahead of the earnings release.
January 19, 2024 | 2:00 pm
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NEUTRAL IMPACT
Zions Bancorp is anticipated to report an EPS of $0.99 in its upcoming earnings. Historical data shows significant stock movement post-earnings, with a 9.67% drop after last quarter's miss. Long-term shareholders may be concerned given the 23.04% decline over the past year.
The expected EPS is a key figure that investors will be watching closely. Given ZION's history of stock price volatility post-earnings, the upcoming report could lead to significant short-term price movement. However, the score is neutral (0) because the direction of the movement will depend on whether ZION meets or exceeds the EPS estimate and provides positive guidance. The relevance is 100 as the news is directly about ZION, and the importance is 90 due to the historical impact of earnings on the stock price. The confidence level is 80, acknowledging the inherent uncertainty in predicting market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100