Earnings Forecast Research on Comerica Incorporated (CMA)

Comerica Incorporated has received $0.93 as the consensus Earnings Estimate for the Quarter ending on Mar 2017 ,According to the estimate provided by 11 Financial Advisor in the Stock Trading Firms. Among 11 Analysts, Bottom line EPS Estimate for the current quarter is $0.88 while the top line estimate is $0.98 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 173.8%.

Comerica Incorporated reported better than expected with a surprise EPS of 4.21% or $0.04 during its most recent quarterly earnings. The Actual EPS was $0.99 compared to the Estimated EPS of $0.95. Dallas based Comerica Incorporated Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Apr 18, 2017.

Comerica Incorporated has a Price to Earnings ratio of 22.55 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 1.53. For the Most Recent Fiscal Year, Comerica Incorporated has a price to cash ratio of 18.16. For the Trailing twelve month period, company showed a Net Profit Margin of 16% and Return on Equity of the stock is 6.92%.

In the last quarter, Comerica Incorporated reported Annual Earnings of $0.99. Based on the filings, last years Annual Earnings was, $3.02. In the last Quarter, CMA reported a surprise Earnings per Share of 4.21% . The consensus estimate for current quarter is $0.93 and for the current fiscal year, the estimate is $4.06. For the Next fiscal year, the estimate is $4.71 based on the consensus.

Comerica Incorporated (NYSE:CMA) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.57 points or 0.84% at $67.53 with 1,370,442 shares getting traded. Post opening the session at $68, the shares hit an intraday low of $66.8828 and an intraday high of $68.61 and the price was in this range throughout the day. The company has a market cap of $11,839 million and the number of outstanding shares has been calculated to be 175,313,670 shares. The 52-week high of Comerica Incorporated (NYSE:CMA) is $71.2 and the 52-week low is $30.48.

Comerica Inc. is a registered bank holding company. Its operations made up of three lines of business: Business Bank, Individual Bank and Investment Bank. The Business Bank is comprised of middle market lending, asset-based lending, large corporate banking, treasury management and international financial services. The Individual Bank includes consumer lending, consumer deposit gathering, mortgage loan origination and servicing, small business banking and private banking. The Investment Bank is responsible for the sale of mutual fund and annuity products.


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