In its upcoming report, Zions (ZION) is predicted by Wall Street analysts to post quarterly earnings of $1.64 per share, reflecting an increase of 6.5% compared to the same period last year. Revenues are forecasted to be $894.32 million, representing a year-over-year increase of 2.6%.
The consensus EPS estimate for the quarter has been revised 0.9% higher 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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Zions metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net interest margin' to come in at 3.3%. The estimate is in contrast to the year-ago figure of 3.3%.
The consensus estimate for 'Efficiency Ratio' stands at 62.2%. Compared to the present estimate, the company reported 59.6% in the same quarter last year.
The consensus among analysts is that 'Average balance - Total interest-earning assets' will reach $84.79 billion. The estimate compares to the year-ago value of $82.78 billion.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $304.82 million. The estimate is in contrast to the year-ago figure of $324.00 million.
The average prediction of analysts places 'Tier 1 leverage ratio' at 9.4%. The estimate compares to the year-ago value of 8.8%.
Analysts' assessment points toward 'Tier 1 risk-based capital ratio' reaching 12.0%. The estimate is in contrast to the year-ago figure of 11.4%.
Based on the collective assessment of analysts, 'Total risk-based capital ratio' should arrive at 14.1%. Compared to the current estimate, the company reported 13.7% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Total nonaccrual Loan' will likely reach $298.72 million. Compared to the current estimate, the company reported $319.00 million in the same quarter of the previous year.
Analysts forecast 'Total Noninterest Income' to reach $195.87 million. Compared to the current estimate, the company reported $189.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Commercial account fees' should come in at $49.95 million. Compared to the present estimate, the company reported $47.00 million in the same quarter last year.
Analysts predict that the 'Other customer-related fees' will reach $15.74 million. Compared to the present estimate, the company reported $15.00 million in the same quarter last year.
It is projected by analysts that the 'Card fees' will reach $24.26 million. Compared to the present estimate, the company reported $24.00 million in the same quarter last year.
View all Key Company Metrics for Zions here>>>Shares of Zions have demonstrated returns of -8.5% over the past month compared to the Zacks S&P 500 composite's +2.1% change. With a Zacks Rank #3 (Hold), ZION is expected to mirror the overall market performance in the near future. 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 Report
This article originally published on Zacks Investment Research (zacks.com).