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Zions Bancorporation Earnings: What To Look For From ZION

ZION Cover Image

Regional banking company Zions Bancorporation (NASDAQ: ZION) will be announcing earnings results this Tuesday afternoon. Here’s what investors should know.

Zions Bancorporation beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $872 million, up 9.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

Is Zions Bancorporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Zions Bancorporation’s revenue to grow 6% year on year to $870.1 million, slowing from the 9.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.57 per share.

Zions Bancorporation Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zions Bancorporation has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Zions Bancorporation’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.2%, topping estimates by 7.1%. First Horizon traded up 102% following the results.

Read our full analysis of First Horizon’s results here and BOK Financial’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Zions Bancorporation is down 1.9% during the same time and is heading into earnings with an average analyst price target of $65.27 (compared to the current share price of $59.77).

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