The upcoming report from Zions (ZION) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 16.5% compared to the year-ago period. Analysts forecast revenues of $808.26 million, representing an increase of 7.5% year over year.
The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Zions metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 65.5%. The estimate is in contrast to the year-ago figure of 67.9%.
The consensus estimate for 'Average balance - Total interest-earning assets' stands at $83.09 billion. The estimate is in contrast to the year-ago figure of $81.61 billion.
The consensus among analysts is that 'Tier 1 leverage ratio' will reach 8.6%. Compared to the current estimate, the company reported 8.4% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Tier 1 risk-based capital ratio' should come in at 11.4%. The estimate is in contrast to the year-ago figure of 11%.
Analysts forecast 'Total nonaccrual Loan' to reach $287.48 million. The estimate is in contrast to the year-ago figure of $248 million.
Analysts' assessment points toward 'Total risk-based capital ratio' reaching 13.4%. Compared to the present estimate, the company reported 12.9% in the same quarter last year.
It is projected by analysts that the 'Total nonperforming assets' will reach $292.62 million. Compared to the present estimate, the company reported $254 million in the same quarter last year.
Analysts predict that the 'Total Noninterest Income' will reach $169.93 million. Compared to the current estimate, the company reported $156 million in the same quarter of the previous year.
Analysts expect 'Wealth management fees' to come in at $14.28 million. The estimate compares to the year-ago value of $15 million.
Based on the collective assessment of analysts, 'Taxable-equivalent net interest income' should arrive at $637.31 million. The estimate compares to the year-ago value of $596 million.
The combined assessment of analysts suggests that 'Loan-related fees and income' will likely reach $18.12 million. Compared to the current estimate, the company reported $15 million in the same quarter of the previous year.
The average prediction of analysts places 'Commercial account fees' at $46.06 million. Compared to the present estimate, the company reported $44 million in the same quarter last year.
View all Key Company Metrics for Zions here>>>
Zions shares have witnessed a change of -12.2% in the past month, in contrast to the Zacks S&P 500 composite's -3.9% move. With a Zacks Rank #3 (Hold), ZION is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Zions Bancorporation, N.A. (ZION): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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