Commerce Bancshares: Here’s What Investors Need to Know Before Earnings
Commerce Bancshares (NASDAQ:CBSH) will report earnings before markets open on Thursday, July 11th. Commerce Bancshares, Inc., a bank holding company, offers a full line of banking services, including capital markets, trust services, investment management and securities brokerage. The Company also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. Commerce operates in multiple states.
Here is your Cheat Sheet to Commerce Bancshares Earnings:
Earnings Expectations: Analysts expect earnings of $0.71 per share on revenues of $262.43 million. Currently, the company’s P/E ratio stands at 15.67.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.73 to a profit $0.72. For the current year, the average estimate is a profit of $2.84, which is worse than the estimate ninety days ago.
Here’s how Commerce Bancshares has been performing on an annual basis:
|Revenue ($) in millions||1,256||1,179||1,133||1,102||1,082|
|Diluted EPS ($)||1.80||1.79||2.29||2.69||2.90|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013||Jun. 30, 2013|
|Revenue ($) in millions||264.55||275.44||264.12||273.49||258.62|
|Diluted EPS ($)||0.70||0.80||0.71||0.72||0.67|
Commerce Bancshares has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)