Zions Bancorporation (ZION) Set to Announce Quarterly Earnings on Monday
Zions Bancorporation (NASDAQ:ZION) will post its Q313 quarterly earnings results on Monday, October 21st. Analysts expect Zions Bancorporation to post earnings of $0.42 per share and revenue of $562.10 million for the quarter.
Zions Bancorporation (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. During the same quarter last year, the company posted $0.30 earnings per share. On average, analysts expect Zions Bancorporation to post $1.69 EPS for the current fiscal year and $1.96 EPS for the next fiscal year.
Shares of Zions Bancorporation (NASDAQ:ZION) opened at 29.27 on Friday. Zions Bancorporation has a one year low of $19.03 and a one year high of $31.40. The stock’s 50-day moving average is $28.16 and its 200-day moving average is $27.67. The company has a market cap of $5.401 billion and a price-to-earnings ratio of 22.32.
A number of research firms have recently commented on ZION. Analysts at ISI Group initiated coverage on shares of Zions Bancorporation in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $29.00 price target on the stock. On the ratings front, analysts at Guggenheim cut their price target on shares of Zions Bancorporation from $33.50 to $31.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Zions Bancorporation to a “neutral” rating in a research note to investors on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.09.
Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by continuously strengthening its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management, and investment activities.
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