Comerica Inc CMA.N reported quarterly adjusted earnings of $1.25 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.29. The mean expectation of twenty one analysts for the quarter was for earnings of $1.13 per share. Wall Street expected results to range from 97 cents to $1.21 per share.
Revenue rose 5.7% to $829.00 million from a year ago; analysts expected $831.34 million.
Comerica Inc's reported EPS for the quarter was $1.25.
The company reported quarterly net income of $165 million.
Comerica Inc shares had fallen by 10.3% this quarter and lost 14.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 8.3% in the last three months.
In the last 30 days, eleven analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 13 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"
Wall Street's median 12-month price target for Comerica Inc is $65.00
This summary was machine generated from LSEG data April 21 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Mar. 31 2025 | 1.13 | 1.25 | Beat |
Dec. 31 2024 | 1.28 | 1.36 | Beat |
Sep. 30 2024 | 1.16 | 1.33 | Beat |
Jun. 30 2024 | 1.19 | 1.49 | Beat |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.