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Benzinga
119 days

These Analysts Lower Their Forecasts On Zions Bancorp After Downbeat Earnings

1. Zions Bancorp missed Q1 revenue and earnings estimates. 2. Reported revenue was $795 million against $797.07 million expected. 3. Earnings per share stood at $1.13, missing $1.17 forecast. 4. Credit quality remains stable with low nonperforming assets. 5. Analysts revised price targets downward post-earnings announcement.

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FAQ

Why Bearish?

Weaker-than-expected earnings and revenue typically lead to negative market reactions. Historical precedents show that misses can result in long-term stock degradation.

How important is it?

The failure to meet earnings expectations may influence investor confidence and trading patterns significantly.

Why Short Term?

Price reactions to earnings typically manifest in the short term as investor sentiment adjusts. Immediate market reactions reflect current earnings versus expectations.

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