Commerce Bancshares: Here’s What Investors Need to Know Before Earnings

Commerce Bancshares (NASDAQ:CBSH) will report earnings before markets open on Thursday, July 11th. Commerce Bancshares, Inc., a bank holding company, offers a full line of banking services, including capital markets, trust services, investment management and securities brokerage. The Company also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. Commerce operates in multiple states.

Here is your Cheat Sheet to Commerce Bancshares Earnings:

Earnings Expectations: Analysts expect earnings of $0.71 per share on revenues of $262.43 million. Currently, the company’s P/E ratio stands at 15.67.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.73 to a profit $0.72. For the current year, the average estimate is a profit of $2.84, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Commerce Bancshares has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,256 1,179 1,133 1,102 1,082
Diluted EPS ($) 1.80 1.79 2.29 2.69 2.90

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013 Jun. 30, 2013
Revenue ($) in millions 264.55 275.44 264.12 273.49 258.62
Diluted EPS ($) 0.70 0.80 0.71 0.72 0.67

Past Performance:
Commerce Bancshares has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]