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

Commerce Bancshares

18/01/2024 12:01

* Commerce Bancshares Inc  CBSH.OQ  reported quarterly
adjusted
earnings of 97 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 99 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 85 cents per
share. Wall Street expected results to range from 80 cents to 92
cents per share.
    * Revenue rose 0.5% to $393.30 million from a year ago;
analysts
expected $386.34 million. 
    * Commerce Bancshares Inc's reported EPS for the quarter was
84
cents​.
    * The company reported quarterly net income of $109.22
million.
    * Commerce Bancshares Inc shares had fallen by 2.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Commerce
Bancshares Inc is $51.43 

This summary was machine generated from LSEG data January 18 at
12:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.85           0.97           Beat
 Sep. 30 2023      0.89           0.91           Beat
 Jun. 30 2023      0.90           0.97           Beat
 Mar. 31 2023      0.88           0.90           Beat