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Zions Bancorp 2Q Earnings Pregame Scorecard

Last quarter Zions Bancorp (ZION) missed analysts' estimates, but it gets a a chance to make up for it when it announces earnings on Monday, July 23, 2012.


Analysts currently expect Zions Bancorp to come in with earnings of 33 cents per share on revenues of $552.5 million. Analyst estimates range from 27 cents per share to 40 cents per share. Over the past two months, the average estimate has moved down from 34 cents.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $1.90 per share between June 11, 2012 and June 20, 2012. Looking at change over the last three months, April 19, 2012 and July 16, 2012, the stock price fell $1.88 (-9%), from $20.93 to $19.05.

Company Fundamental Trends

In terms of revenue, the company hopes that this earnings announcement will help it rebound from streak of four straight quarters of decreases. Revenue fell 2.7% over the second quarter of the last fiscal year, 6.6% in third quarter of the last fiscal year and 6.4% in the fourth quarter of the last fiscal year and continued to drop first quarter. Stock Ratings

Analysts think investors should stand pat on Zions Bancorp with 13 of 21 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, profit rose 69.8% to $89.7 million (14 cents a share) from $52.8 million (8 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 7.1% to $640.9 million from $689.6 million.


Reporting Period: 2Q

Date of Release: Monday, July 23, 2012

EPS: 33 cents

Revenue Estimate: $552.5 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)