On Thursday 17th October 2024, Commerce Bancshares (NASDAQ: CBSH) will release its highly anticipated third quarter financial results. This important announcement is scheduled to occur before market open.
The latest projections from financial analysts on Wall Street suggest that the concern is likely to reveal an estimated $1.00 profit per share for the quarter. Additionally, the company is expected to announce revenueS of $419.72 million for the period.
In the previous year's corresponding quarter, the company's earnings report revealed a per-share income of $0.91. Moreover, the company achieved a remarkable total revenue of $391.5 million during that quarter.
The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $1.65 billion for the full year. Moreover, they anticipate the earnings per share to reach profit of $3.9 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.07 | +4.9% | 414.49 M | +4.4% |
| Q1 2024 | $0.86 | -9.5% | 397.85 M | +2.2% |
| Q4 2023 | $0.94 | -9.6% | 393.30 M | +0.5% |
| Q3 2023 | $0.91 | -10.8% | 391.50 M | +1.7% |
| Q2 2023 | $1.02 | +6.3% | 397.14 M | +6.8% |
| *Growth on year-over-year basis | ||||
The day's trading saw Commerce Bancshares (CBSH) shares hit a low of $61.39 and a high of $62.38, with a day volume of 926.70 thousand shares. The stock closed the regular trading session at $61.66, reflecting 0.90 percent advance.
