Will Zions (ZION) Stock Beat Q2 Earnings On Higher Rates?
Zacks Investment Research | Jul 23, 2017 09:30PM ET
Zions Bancorporation (NASDAQ:ZION) is slated to announce second-quarter 2017 results tomorrow, after the market closes. Its revenues and earnings are expected to grow year over year.
Driven by an increase in revenues and lower credit cost, Zions’ first-quarter earnings outpaced the Zacks Consensus Estimate. However, rise in operating expenses was an undermining factor.
Also, the company’s business activities and prospects encouraged analysts to revise earnings estimates. As a result, the Zacks Consensus Estimate for the just concluded quarter moved 1.6% upward over the last 30 days.
Zions boasts an impressive earnings surprise history. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average beat of 11.8%.
The company’s price performance has been decent as well. Its shares have gained 1.2% year to date as against the industry ’s decline of 0.3%.
Zions Bancorporation Price and EPS Surprise
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