Commerce Bancshares Inc expected to post earnings of 85 cents a share - Earnings Preview

Commerce Bancshares

16/01/2024 11:03

* Commerce Bancshares Inc  CBSH.OQ   CBSH.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 18
for the period ending December 31 2023
    * The Kansas City Missouri-based  company is expected to
report a
1.3% decrease in revenue to $386.336 million from $391.47
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Commerce Bancshares Inc
is for
earnings of 85 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"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 $51.43​, below​ its last closing price
of $52.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.89        0.89       0.91      Beat    3.1
 Jun. 30 2023  0.88        0.90       0.97      Beat    8.4
 Mar. 31 2023  0.86        0.88       0.90      Beat    2.9​
 Dec. 31 2022  0.99        0.98       0.99      Beat    1.2
 ​​Sep.        0.95        0.94       0.93      Missed  -1.3
 30 2022                                                
 Jun. 30 2022  0.86        0.86       0.87      Beat    0.8​
 Mar. 31 2022  0.81        0.80       0.88      Beat    10.6
 Dec. 31 2021  0.86        0.85       0.85      Met     0.2
 This summary was machine generated January 16 at 11:03 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)