Earnings Outlook For Cullen/Frost Bankers
Portfolio Pulse from Benzinga Insights
Cullen/Frost Bankers (NYSE:CFR) is expected to release its quarterly earnings report on Thursday, 2024-01-25, with an estimated EPS of $2.03. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted negatively to past earnings reports, even when EPS estimates were beaten. Over the last year, CFR shares have declined by 17.55%, indicating potential investor concern ahead of the earnings release.
January 24, 2024 | 6:02 pm
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Cullen/Frost Bankers is anticipated to report quarterly earnings with an EPS estimate of $2.03. Despite past earnings beats, the stock has historically dropped post-announcement. Shares are down 17.55% over the past year, which may reflect investor sentiment.
The historical trend of stock price declines following earnings reports, despite beating EPS estimates, suggests a negative investor reaction to the upcoming earnings announcement. The year-long decline in stock value further supports the likelihood of a negative short-term impact.
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