Revenue Snapshot: Columbia Banking System
Colombian banking system COLB is expected to release its latest quarterly earnings report on Wednesday 01/19/2022. Here’s what investors need to know ahead of the announcement.
Analysts believe Columbia Banking System will likely report earnings per share (EPS) of $0.59.
Columbia’s banking system bulls are hoping to hear the company announce that it not only exceeded that estimate, but also provide some positive guidance or expected growth for the next quarter.
New investors should note that sometimes it’s not an earnings beat or miss that most affects a stock’s price, but direction (or forecast).
Past Earnings Performance
Last quarter, the company beat EPS by $0.03, followed by a 0.0% decline in share price the next day.
Here’s a look at Columbia Banking System’s past performance and the resulting price change:
|Trimester||Q3 2021||Q2 2021||Q1 2021||Q4 2020|
|Price change %||0.0%||0.43%||-0.75%||-5.57%|
Shares of Columbia Banking System were trading at $36.95 as of Jan. 17. Over the past 52-week period, shares are down 11.44%. Since these returns are typically negative, long-term shareholders are likely a little upset as this earnings release approaches.
To keep track of all upcoming earnings announcements, click here to use the Benzinga Earnings Calendar.
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