Why an Earnings Beat is Likely for Comerica (CMA) in Q2 - July 13, 2018
Comerica Incorporated CMA is scheduled to report second-quarter 2018 results before the opening bell on Jul 17. Our proven model shows that Comerica has the right combination of the two key ingredients —positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to increase the odds of an earnings beat. Though estimates for the to-be-reported quarter have been revised slightly downward over the last seven days, the Zacks Consensus Estimate for earnings of $1.62 reflects growth of 43.4% year over year. Net Interest Income (NII) to Rise: Comerica’s net interest income is likely to improve in the to-be-reported quarter supported by expanding net interest margin and a pickup in loan growth, particularly in the areas of commercial and industrial, and consumer.