Zions Bancorp Q4 Adj $1.30 Beats $0.99 Estimate, Sales $751.00M Miss $756.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zions Bancorp (NASDAQ:ZION) reported Q4 adjusted earnings of $1.30 per share, surpassing the consensus estimate of $0.99 by 31.31%, but marking a 29.35% decrease from $1.84 per share a year ago. Quarterly sales were $751M, slightly missing the estimate of $756.61M by 0.74% and showing a 13.97% decrease from $873M in the same quarter last year.
January 22, 2024 | 8:52 pm
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NEUTRAL IMPACT
Zions Bancorp exceeded EPS estimates but missed on revenue, with a significant year-over-year decline in both metrics.
While Zions Bancorp beat the EPS estimate, the miss on revenue and the year-over-year decline in both earnings and sales may concern investors. The mixed results could lead to neutral short-term stock price movement as positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100