Zions Bancorp.: Here’s What Investors Need to Know Before Earnings
Zions Bancorp. (NASDAQ:ZION) will report earnings after markets close on Monday, April 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 $0.39 per share on revenues of $553.93 million. Currently, the company’s P/E ratio stands at 24.28.
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 $0.42 to a profit $0.41. For the current year, the average estimate is a profit of $1.73, which is the same as the estimate ninety days ago.
Here’s how Zions Bancorp. has been performing on an annual basis:
|Revenue ($) in millions||3,165||3,319||2,760||2,687||2,459|
|Diluted EPS ($)||-2.68||-9.92||-2.48||0.83||0.97|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||637.78||630.70||641.25||634.23||552.42|
|Diluted EPS ($)||0.24||0.14||0.30||0.34||0.19|
Zions Bancorp. has beat analyst estimates 2 times 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] wallstcheatsheet.com)