Earnings Preview For U.S. Bancorp

U.S. Bancorp (NYSE:USB) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.

Analysts estimate that U.S. Bancorp will report an earnings per share (EPS) of $0.99.

Anticipation surrounds U.S. Bancorp'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.

Past Earnings Performance

During the last quarter, the company reported an EPS beat by $0.04, leading to a 1.88% drop in the share price on the subsequent day.

Here's a look at U.S. Bancorp's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	0.94	0.88	0.98	1.04
EPS Actual	0.98	0.90	0.99	1.05
Price Change %	-2.0%	-0.0%	-2.0%	-2.0%

Performance of U.S. Bancorp Shares

Shares of U.S. Bancorp were trading at $47.12 as of October 14. Over the last 52-week period, shares are up 41.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for U.S. Bancorp visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.