Commerce Bancshares Inc expected to post earnings of 90 cents a share - Earnings Preview

Commerce Bancshares

16/07/2024 11:02

* Commerce Bancshares Inc  CBSH.OQ   CBSH.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 18
for the period ending June 30 2024
    * The Kansas City Missouri-based  company is expected to
report a
2.4% increase in revenue to $406.858 million from $397.14
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for Commerce Bancshares Inc
is for
earnings of 90 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 $59.50​, below​ its last closing price
of $59.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.82        0.81       0.86      Beat    6.6
 Jan. 1 0001   0.85        0.85       0.97      Beat    14.7
 Jan. 1 0001   0.89        0.89       0.91      Beat    3.1​
 Jan. 1 0001   0.88        0.90       0.97      Beat    8.4
 ​​Mar.        0.86        0.88       0.90      Beat    2.9
 31 2023                                                
 Dec. 31 2022  0.99        0.98       0.99      Beat    1.2​
 Sep. 30 2022  0.95        0.94       0.93      Missed  -1.3
 Jan. 1 0001   0.86        0.86       0.87      Beat    0.8
 This summary was machine generated July 16 at 10:02 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)