Zions Bancorporation Q3 earnings preview signals upcoming results catalyst.
Context
What happened: Zions Bancorporation (NASDAQ: ZION) reports Q3 results Monday after market close. Last quarter it posted $878 million in revenue, missing analysts' revenue expectations.
Key numbers: Last quarter revenue $878 million, up 4.9% year on year. Q3 revenue expected to grow 2.7% year on year, versus 9.3% in the same quarter last year.
Why it matters: Analysts have reconfirmed estimates over the last 30 days, suggesting they expect the business to stay the course. Zions has missed Wall Street's revenue estimates multiple times over the last two years.
Why it matters
Analysts have reconfirmed estimates over the last 30 days, suggesting they expect the business to stay the course. Zions has missed Wall Street's revenue estimates multiple times over the last two years.