Comerica CMA is gearing up to announce its quarterly earnings on Friday, 2024-10-18. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Comerica will report an earnings per share (EPS) of $1.16.
The market awaits Comerica's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Past Earnings Performance
Last quarter the company beat EPS by $0.34, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Comerica's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.19 | 1.11 | 1.36 | 1.69 |
| EPS Actual | 1.53 | 1.29 | 1.46 | 1.84 |
| Price Change % | -10.0% | 2.0% | 1.0% | -9.0% |
Stock Performance
Shares of Comerica were trading at $62.32 as of October 16. Over the last 52-week period, shares are up 66.02%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Comerica 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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