Comerica Incorporated (NYSE:CMA) Quarterly Earnings Preview

• Earnings Per Share (EPS) estimate is set at $1.14, with projected revenue of approximately $837.3 million.
• Despite challenges, Comerica is expected to benefit from a rise in net interest income (NII) and fee income.
• The bank has a mixed earnings surprise record, surpassing estimates in three of the last four quarters, with an average surprise of 13.71%.

Comerica Incorporated (NYSE:CMA) is a financial services company that provides a range of banking products and services. It operates primarily in the United States, with a focus on commercial banking, retail banking, and wealth management. As a competitor in the banking sector, Comerica faces competition from other major banks like JPMorgan Chase and Bank of America.

On April 21, 2025, CMA is set to release its quarterly earnings before the market opens. Wall Street estimates the earnings per share (EPS) to be $1.14, with projected revenue of approximately $837.3 million. Despite challenges such as increased expenses and subdued loan demand, the bank is expected to benefit from a rise in net interest income (NII) and fee income.

In the previous quarter, Comerica's earnings fell short of the Zacks Consensus Estimate due to a decline in NII and weak asset quality. However, the bank saw positive developments with increased deposit balances, robust fee income growth, and a strong capital position. Historically, Comerica has a mixed earnings surprise record, surpassing estimates in three of the last four quarters, with an average surprise of 13.71%.

The Zacks Consensus Estimate for Comerica's first-quarter 2025 earnings remains steady at $1.14 per share. Analysts project revenues to reach $829.64 million, reflecting a 5.8% increase year over year. Over the past 30 days, the consensus EPS estimate has been revised downward by 1.8%, indicating a reevaluation by analysts covering the stock.

CMA's financial metrics include a price-to-earnings (P/E) ratio of approximately 10.09, a price-to-sales ratio of about 1.70, and an enterprise value to sales ratio of around 3.13. The enterprise value to operating cash flow ratio is approximately 21.25, and the earnings yield is about 9.91%. The debt-to-equity ratio stands at approximately 1.02, indicating the company's financial leverage.