What's Next: Comerica's Earnings Preview

Benzinga · 10/17 14:00

Comerica (NYSE: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%

eps graph

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.