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Comerica Incorporated (CMA) Earnings Preview For Wednesday

Background:  Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. The company was founded in 1849 and is headquartered in Dallas, Texas. Comerica Incorporated trades an average of 2 million shares per day with a marketcap of $6 billion.

Comerica Incorporated is due to report earnings before the opening bell on October 17, 2012

Investors are looking forward to improving third-quarter earnings Before Market Open on October 17, 2012 The consensus opinion is presently 65 cents a share, a progression of 14 cents (21.5%) from 51 cents during the corresponding period last year. Estimates per share for earnings range from 57 cents, to a high of 71 cents.

Shareholders receive 50 cents annually in dividend payments. The yield based on a recent price is 1.62%.

Analysts are more or less side stepping this one like a politician dancing the Washington two-step.A hold can mean everything from "I want to rate it a sale, but that would not be good for business", to "I have no clue". 18 out of 35 rate this a hold. 12 recommend this company as a buy and 5 recommend selling. Analysts are increasingly negative; the number of analysts issuing a sell recommendation compared to a month ago has increased. Analysts may have missed a good one. In the last 12 months, the shares have really moved higher. The one year return is 21%, and the average analyst target price for Comerica Incorporated is $34.17.

  (CMA) (BAC) (C) (WFC)
Strong Buy 3 3 4 9
Moderate Buy Buy 9 6 14 16
Hold 18 20 6 8
Moderate Sell Ratings 3 1 1 1
Strong Sell Ratings 2 2 3 0
Avg Analyst Price Target $34.17 $9.47 $40.59 $39.06
Operating Margin 19.17 10.15 14.87 19.15
Ouick Ratio 1.02 0.96 1.04 0.86
Revenue 2.55 billion 90.40 billion 76.32 billion 85.70 billion
Est Low EPS 0.57 -0.18 0.81 0.80
Est High EPS 0.71 0.02 1.28 1.01
1 Year Stock Price Change 19.46% 42.17% 22.69% 31.09%

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Stock Tickers: CMA BAC C WFC Author Disclosure: NA
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