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

Commerce Bancshares

18/10/2022 11:53

* Commerce Bancshares Inc  CBSH.OQ  reported quarterly
adjusted
earnings of $1.02​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of $1.03 per share.
    * Revenue fell 0.8% to $348.87 million from a year ago;
analysts
expected $383.27 million. 
    * Commerce Bancshares Inc's reported EPS for the quarter was
$1.02​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Commerce Bancshares Inc shares had risen by 9.7% this
quarter and gained 5.6% so far this year.
    * The company reported quarterly net income of $122.82
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 October
18 at 10:52 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.03           1.02           Missed
 Jun. 30 2022      0.95           0.96           Beat
 Mar. 31 2022      0.88           0.97           Beat
 Dec. 31 2021      0.94           0.94           Met