Commerce Bancshares Inc reports results for the quarter ended in December - Earnings Summary

Commerce Bancshares

19/01/2023 12:01

* Commerce Bancshares Inc  CBSH.OQ  reported quarterly
adjusted
earnings of $1.04​​ per share for the quarter ended in December.
The mean expectation of seven analysts for the quarter was
for earnings of $1.03 per share.
    * Revenue rose 10.2% to $391.47 million from a year ago;
analysts
expected $394.97 million. 
    * Commerce Bancshares Inc's reported EPS for the quarter was
$1.04​.
    * The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Commerce Bancshares Inc shares had fallen by 2.3% this
quarter.
    * The company reported quarterly net income of $131.63
million.
    * Wall Street's median 12-month price target for Commerce
Bancshares Inc is $70.00 
    * 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." 

This summary was machine generated from Refinitiv data January
19 at 12:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.03           1.04           Beat
 Sep. 30 2022      0.98           0.97           Missed
 Jun. 30 2022      0.91           0.91           Met
 Mar. 31 2022      0.84           0.92           Beat