For its fourth fiscal quarter (ending December 31), Commerce Bancshares Inc (NASDAQ: CBSH) has reported a -20% decline in E.P.S. from $1.05 a year ago to $0.84 in the current quarter. However, this performance was $0.01 better than the consensus estimate of $0.83. E.P.S. were $3.64 for the latest four quarters through December 31 versus $3.86 for the same period a year ago — a decline of -6%.
Recent Price Action
Commerce Bancshares Inc (NASDAQ: CBSH) stock enjoyed a large increase of 2.1% on 1/18/24. The stock closed at $53.00. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
CBSH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Commerce Bancshares has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Commerce Bancshares has a poor Appreciation Score of 20 but a slightly positive Power Rating of 67, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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