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Exploring Analyst Estimates for Commerce (CBSH) Q3 Earnings, Beyond Revenue and EPS
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In its upcoming report, Commerce Bancshares (CBSH - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.07 per share, reflecting an increase of 0.9% compared to the same period last year. Revenues are forecasted to be $492.85 million, representing a year-over-year increase of 11.8%.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Commerce metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Net Interest Margin (Net yield on interest earning assets)' to come in at 3.7%. Compared to the present estimate, the company reported 3.6% in the same quarter last year.
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 57.4%. The estimate is in contrast to the year-ago figure of 55.3%.
The consensus estimate for 'Average total interest earning assets' stands at $33.61 billion. The estimate compares to the year-ago value of $30.73 billion.
The collective assessment of analysts points to an estimated 'Tier I risk-based capital ratio' of 16.9%. The estimate compares to the year-ago value of 13.0%.
It is projected by analysts that the 'Book value per common share' will reach $30.70 . Compared to the current estimate, the company reported $28.51 in the same quarter of the previous year.
Analysts' assessment points toward 'Total risk-based capital ratio' reaching 17.9%. Compared to the current estimate, the company reported 18.3% in the same quarter of the previous year.
The consensus among analysts is that 'Non-accrual loans' will reach $12.25 million. Compared to the present estimate, the company reported $16.25 million in the same quarter last year.
Analysts forecast 'Total Non-Interest Income' to reach $184.96 million. The estimate is in contrast to the year-ago figure of $161.51 million.
Analysts predict that the 'Fully-taxable equivalent net interest income' will reach $313.35 million. The estimate is in contrast to the year-ago figure of $281.77 million.
Based on the collective assessment of analysts, 'Trust fees' should arrive at $73.20 million. The estimate compares to the year-ago value of $58.41 million.
According to the collective judgment of analysts, 'Bank card transaction fees' should come in at $47.38 million. The estimate compares to the year-ago value of $45.55 million.
The average prediction of analysts places 'Deposit account charges and other fees' at $29.50 million. Compared to the present estimate, the company reported $27.43 million in the same quarter last year.
Shares of Commerce have demonstrated returns of -5% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), CBSH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Commerce (CBSH) Q3 Earnings, Beyond Revenue and EPS
In its upcoming report, Commerce Bancshares (CBSH - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.07 per share, reflecting an increase of 0.9% compared to the same period last year. Revenues are forecasted to be $492.85 million, representing a year-over-year increase of 11.8%.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Commerce metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Net Interest Margin (Net yield on interest earning assets)' to come in at 3.7%. Compared to the present estimate, the company reported 3.6% in the same quarter last year.
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 57.4%. The estimate is in contrast to the year-ago figure of 55.3%.
The consensus estimate for 'Average total interest earning assets' stands at $33.61 billion. The estimate compares to the year-ago value of $30.73 billion.
The collective assessment of analysts points to an estimated 'Tier I risk-based capital ratio' of 16.9%. The estimate compares to the year-ago value of 13.0%.
It is projected by analysts that the 'Book value per common share' will reach $30.70 . Compared to the current estimate, the company reported $28.51 in the same quarter of the previous year.
Analysts' assessment points toward 'Total risk-based capital ratio' reaching 17.9%. Compared to the current estimate, the company reported 18.3% in the same quarter of the previous year.
The consensus among analysts is that 'Non-accrual loans' will reach $12.25 million. Compared to the present estimate, the company reported $16.25 million in the same quarter last year.
Analysts forecast 'Total Non-Interest Income' to reach $184.96 million. The estimate is in contrast to the year-ago figure of $161.51 million.
Analysts predict that the 'Fully-taxable equivalent net interest income' will reach $313.35 million. The estimate is in contrast to the year-ago figure of $281.77 million.
Based on the collective assessment of analysts, 'Trust fees' should arrive at $73.20 million. The estimate compares to the year-ago value of $58.41 million.
According to the collective judgment of analysts, 'Bank card transaction fees' should come in at $47.38 million. The estimate compares to the year-ago value of $45.55 million.
The average prediction of analysts places 'Deposit account charges and other fees' at $29.50 million. Compared to the present estimate, the company reported $27.43 million in the same quarter last year.
View all Key Company Metrics for Commerce here>>>Shares of Commerce have demonstrated returns of -5% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), CBSH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .