Comerica Q2 2024 Adj EPS $1.53 Beats $1.19 Estimate, Sales $824.000M Beat $813.472M Estimate
Portfolio Pulse from Benzinga Newsdesk
Comerica (NYSE:CMA) reported Q2 2024 adjusted EPS of $1.53, beating the $1.19 estimate. Sales were $824 million, surpassing the $813.472 million estimate but down 10.82% from last year's $924 million.
July 19, 2024 | 10:32 am
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Comerica's Q2 2024 earnings and sales both beat analyst estimates, with EPS at $1.53 versus the $1.19 estimate and sales at $824 million versus the $813.472 million estimate. However, sales are down 10.82% year-over-year.
Comerica's strong EPS and sales performance relative to analyst estimates is likely to positively impact the stock price in the short term. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100