KeyCorp KEY is gearing up to announce its quarterly earnings on Thursday, 2024-10-17. Here's a quick overview of what investors should know before the release.
Analysts are estimating that KeyCorp will report an earnings per share (EPS) of $0.15.
Anticipation surrounds KeyCorp's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Earnings History Snapshot
Last quarter the company beat EPS by $0.01, which was followed by a 0.19% increase in the share price the next day.
Here's a look at KeyCorp's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.24 | 0.22 | 0.23 | 0.27 |
| EPS Actual | 0.25 | 0.22 | 0.25 | 0.29 |
| Price Change % | 0.0% | 2.0% | 6.0% | -6.0% |
Market Performance of KeyCorp's Stock
Shares of KeyCorp were trading at $17.49 as of October 15. Over the last 52-week period, shares are up 68.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for KeyCorp visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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