Commerce Bancshares Inc expected to post earnings of $1.04 a share - Earnings Preview

Commerce Bancshares

14/10/2022 14:32

* Commerce Bancshares Inc  CBSH.OQ   CBSH.O  is expected
to show a
rise in quarterly revenue when it reports  results on October 17
(estimated). 
    * The Kansas City Missouri-based  company is expected to
report  a
9.0% increase in revenue to $383.307 million from $351.54
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Commerce Bancshares
Inc
is for earnings of $1.04 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"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 Commerce
Bancshares Inc is $70​, below​ its last closing price of $71.20.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.95        0.95       0.96      Beat    0.8
 Mar. 31 2022  0.90        0.88       0.97      Beat    10.6
 Dec. 31 2021  0.95        0.94       0.94      Met     0.2​
 Sep. 30 2021  0.95        0.94       1.00      Beat    6.4
 ​​Jun.        0.99        0.97       1.31      Beat    35.8
 30 2021                                                
 Mar. 31 2021  0.93        0.91       1.06      Beat    16.4​
 Dec. 31 2020  0.92        0.89       1.06      Beat    18.4
 Sep. 30 2020  0.63        0.64       0.96      Beat    50.5
 This summary was machine generated October 14 at 13:31 GMT.  All
figures in US dollars  unless otherwise stated