• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Comerica (CMA) Q1 Earnings Improve Y/Y, Interest Income Up

By Kurt Osterberg · On April 17, 2018

Have you been eager to see how Comerica Incorporated (CMA – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Texas-based money center bank’s earnings release this morning:

Earnings Improve Y/Y

Comerica came out with adjusted earnings per share of $1.54, up from the prior-year quarter adjusted figure of $1.02 on high-interest income. Including certain non-recurring items, earnings came in at $1.59. The Zacks Consensus Estimate stands at $1.49.

How Was the Estimate Revision Trend?

You should note that the earnings estimate for Comerica depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last seven days.

However, Comerica has an impressive earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in all the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 8.04% in the trailing four quarters.

Comerica Incorporated Price and EPS Surprise

Revenue Came In Lower Than Expected 

Comerica posted revenues of $793 million, which missed the Zacks Consensus Estimate of $811.6 million. However, it compared favorably with the year-ago number of $715 million.

Key Stats to Note:

 

  • Average total deposits: $56.1 billion in Q1, down 2.9% on a year-over-year basis.
  • Average total loans: $48.4 billion in Q1, up 1% on a year-over-year basis.
  • Provisions decreased on fall in total criticized loans.
  • Comerica returned $201 million to shareholders through shares repurchase and dividends
  • What Zacks Rank Says

    The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Comerica. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

    Print Friendly, PDF & Email

    Share Tweet

    Kurt Osterberg

    You Might Also Like

    • Finance

      How to Manage Events in the Post-COVID World

    • Finance

      Building the Right Tech Stack to Support your Revenue Operations Goals

    • Finance

      Can You Outsource Thought Leadership?

    No Comments

    Leave a reply Cancel reply

    Top Finance

    • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
    • Hedge Funds In The US Hedge Funds In The US
    • One Ring To Rule Them All One Ring To Rule Them All
    • Kanban vs Scrum: Understanding the Tools for Agile Success Kanban vs Scrum: Understanding the Tools for Agile Success
    • Samsung Galaxy Note 9 Review Samsung Galaxy Note 9 Review

    New Posts

    • How to Manage Events in the Post-COVID World

      How to Manage Events in the Post-COVID World

      March 3, 2021
    • Building the Right Tech Stack to Support your Revenue Operations Goals

      Building the Right Tech Stack to Support your Revenue Operations Goals

      March 3, 2021
    • Can You Outsource Thought Leadership?

      Can You Outsource Thought Leadership?

      March 3, 2021
    • Don’t Be an Icky Guy (or Gal) Find Your Purpose with Ikigai

      Don’t Be an Icky Guy (or Gal) Find Your Purpose with Ikigai

      March 3, 2021
    • How to Celebrate Employee Appreciation Day this Year

      How to Celebrate Employee Appreciation Day this Year

      March 3, 2021
    • About
    • Contact Us
    • Privacy & Policy
    • Sitemap
    • Terms of use

    Copyright © 2018-2021 NJCEE. All Rights Reserved.