Commerce Bancshares Inc expected to post earnings of 94  cents a share - Earnings Preview

Commerce Bancshares

17/07/2023 11:10

* Commerce Bancshares Inc  CBSH.OQ   CBSH.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 19. 
    * The Kansas City Missouri-based  company is expected to
report  a
5.2% increase in revenue to $391.109 million from $371.81
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Commerce Bancshares
Inc
is for earnings of 94 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 1 "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 $52​, above​ its last closing price of $48.92.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.91        0.92       0.95      Beat    2.9
 Dec. 31 2023  1.04        1.03       1.04      Beat    1.2
 Sep. 30 2022  1.00        0.98       0.97      Missed  -1.3​
 Jun. 30 2022  0.90        0.91       0.91      Met     0.8
 ​​Mar.        0.86        0.84       0.92      Beat    10.6
 31 2022                                                
 Dec. 31 2021  0.90        0.89       0.90      Beat    0.2​
 Sep. 30 2021  0.90        0.90       0.95      Beat    6.4
 Jun. 30 2021  0.95        0.92       1.25      Beat    35.8
 This summary was machine generated July 17 at 10:10 GMT.  All
figures in US dollars  unless otherwise stated