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Compared to Estimates, Comerica (CMA) Q4 Earnings: A Look at Key Metrics
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Comerica Incorporated (CMA - Free Report) reported $844 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 7.9%. EPS of $1.20 for the same period compares to $1.46 a year ago.
The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $834.63 million. With the consensus EPS estimate being $1.25, the EPS surprise was -4.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Comerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 69.5% versus 70.3% estimated by five analysts on average.
Net interest margin: 3.1% compared to the 3% average estimate based on five analysts.
Net charge-offs (recoveries)/Average total loans: 0.1% versus the five-analyst average estimate of 0.2%.
Average Balance - Total earning assets: $72.07 billion versus the five-analyst average estimate of $73.89 billion.
Total nonperforming assets: $308 million compared to the $250.38 million average estimate based on three analysts.
Total nonperforming loans: $308 million compared to the $250.07 million average estimate based on two analysts.
Net interest income: $575 million compared to the $557.66 million average estimate based on five analysts.
Total noninterest income: $269 million versus the five-analyst average estimate of $275.72 million.
Service charges on deposit accounts: $47 million versus $45.72 million estimated by four analysts on average.
Commercial lending fees: $18 million versus the four-analyst average estimate of $17.39 million.
Fiduciary income: $54 million versus the three-analyst average estimate of $57.71 million.
Letter of credit fees: $10 million compared to the $10.54 million average estimate based on three analysts.
Shares of Comerica have returned +6.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Comerica (CMA) Q4 Earnings: A Look at Key Metrics
Comerica Incorporated (CMA - Free Report) reported $844 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 7.9%. EPS of $1.20 for the same period compares to $1.46 a year ago.
The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $834.63 million. With the consensus EPS estimate being $1.25, the EPS surprise was -4.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Comerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 69.5% versus 70.3% estimated by five analysts on average.
- Net interest margin: 3.1% compared to the 3% average estimate based on five analysts.
- Net charge-offs (recoveries)/Average total loans: 0.1% versus the five-analyst average estimate of 0.2%.
- Average Balance - Total earning assets: $72.07 billion versus the five-analyst average estimate of $73.89 billion.
- Total nonperforming assets: $308 million compared to the $250.38 million average estimate based on three analysts.
- Total nonperforming loans: $308 million compared to the $250.07 million average estimate based on two analysts.
- Net interest income: $575 million compared to the $557.66 million average estimate based on five analysts.
- Total noninterest income: $269 million versus the five-analyst average estimate of $275.72 million.
- Service charges on deposit accounts: $47 million versus $45.72 million estimated by four analysts on average.
- Commercial lending fees: $18 million versus the four-analyst average estimate of $17.39 million.
- Fiduciary income: $54 million versus the three-analyst average estimate of $57.71 million.
- Letter of credit fees: $10 million compared to the $10.54 million average estimate based on three analysts.
View all Key Company Metrics for Comerica here>>>Shares of Comerica have returned +6.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.