Published on 15 Apr 2024 on Zacks via Yahoo Finance
Why Earnings Season Could Be Great for Commerce Bancshares (CBSH)
Investors are always looking for stocks that are poised to beat at earnings season and Commerce Bancshares, Inc. CBSH may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Commerce Bancshares is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CBSH in this report.In fact, the Most Accurate Estimate for the current quarter is currently at 82 cents per share for CBSH, compared to a broader Zacks Consensus Estimate of 80 cents per share. This suggests that analysts have very recently bumped up their estimates for CBSH, giving the stock a Zacks Earnings ESP of +2.63% heading into earnings season.
Price and EPS Surprise
