Commerce Bancshares CBSH unveils its next round of earnings this Thursday, July 22. Here is Benzinga's everything-that-matters guide for the earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Commerce Bancshares EPS is expected to be around $1.02, according to sell-side analysts. Sales will likely be near $350.54 million. Commerce Bancshares EPS in the same period a year ago totaled $0.34. Revenue was $320.57 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 200.0% increase in the company's earnings. Revenue would be up 9.35% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.95 | 0.94 | 0.70 | 0.53 |
| EPS Actual | 1.11 | 1.11 | 1.11 | 0.34 |
| Revenue Estimate | 347.09 M | 345.90 M | 333.87 M | 324.37 M |
| Revenue Actual | 341.79 M | 344.88 M | 345.53 M | 320.57 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the last 52-week period, shares are up 30.67%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Commerce Bancshares is scheduled to hold the call at 06:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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