Zions Bancorp. Earnings Preview: Get Ahead of the Analysts

Zions Bancorp. (NASDAQ:ZION) will report earnings after markets close on Monday, July 22nd. Zions Bancorporation is a bank holding company that operates full-service banking offices in western United States. The Company also offers an array of investment, mortgage, insurance, and electronic commerce services. In addition, Zions provides financing solutions for small businesses across the United States.

Here is your Cheat Sheet to Zions Bancorp. Earnings:

Earnings Expectations: Analysts expect earnings of $0.41 per share on revenues of $552.38 million. Currently, the company’s P/E ratio stands at 23.16.

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 $0.43 to a profit $0.42. For the current year, the average estimate is a profit of $1.79, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Zions Bancorp. has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,165 3,319 2,760 2,687 2,459
Diluted EPS ($) -2.66 -9.92 -2.48 0.83 0.97

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
Revenue ($) in millions 641.25 634.23 552.42 605.97
Diluted EPS ($) 0.30 0.34 0.19 0.48

Past Performance:
Zions Bancorp. has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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