Columbia Banking System Inc expected to post earnings of 57 cents a share - Earnings Preview

Columbia Banking System

23/07/2024 21:44

* Columbia Banking System Inc  COLB.OQ   COLB.O  is expected
to show a fall in quarterly revenue when it reports  results on
July 25 for the period ending June 30 2024
    * The Tacoma Washington-based  company is expected to report
a
9.1% decrease in revenue to $475.953 million from $523.65
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data. (SAL represents Total/Operating
revenue)
    * ​LSEG's mean analyst estimate for Columbia Banking System
Inc is
for earnings of 57 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Columbia
Banking
System Inc is $21.00​, below​ its last closing price of $23.74.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.53        0.53       0.65      Beat    23.5
 Dec. 31 2024  0.80        0.79       0.44      Missed  -44.4
 Sep. 30 2023  0.71        0.73       0.79      Beat    8.4​
 Jun. 30 2023  0.92        0.93       0.81      Missed  -12.5
 ​​Jan.        0.18        0.45       0.46      Beat    2.1
 1 0001                                                 
 Dec. 31 2022  0.88        0.90       0.88      Missed  -1.7​
 Sep. 30 2022  0.71        -0.10      0.80      Beat    900
 Jun. 30 2022  0.76        0.75       0.75      Met     -0.4
 This summary was machine generated July 23 at 20:44 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)