Summary:
- Zions Bancorporation reported a slight miss on its first-quarter GAAP EPS but showed a robust revenue increase.
- Analysts predict a notable upside potential for Zions Bancorp's stock price, with targeted price estimates showing an increase from current levels.
- Despite mixed signals, Zions retains a "Hold" status with its estimated GF Value suggesting potential growth.
Zions Bancorporation (ZION, Financial) recently reported its first-quarter earnings, revealing a GAAP EPS of $1.13, which fell short of analyst expectations by $0.05. Despite this miss, the company demonstrated strong financial health with revenues hitting $795 million. This signifies a 7.1% increase year-over-year, aligning with market forecasts. Notably, net income and earnings per share saw an 18% rise compared to the prior year, highlighting a positive trend in Zions' financial progress.
Wall Street Analysts Forecast
Analyzing the insights from 17 Wall Street analysts, the average price target for Zions Bancorp NA (ZION, Financial) stands at $58.71, with estimates ranging from a high of $65.00 to a low of $52.00. At its current trading price of $43.62, this average target suggests a significant potential upside of 34.58%. For further details, investors can visit the Zions Bancorp NA (ZION) Forecast page.
From the perspective of 22 brokerage firms, Zions Bancorp NA (ZION, Financial) holds an average brokerage recommendation of 2.9. This positions the stock at a "Hold" status on the rating scale, which ranges from 1 (Strong Buy) to 5 (Sell).
According to GuruFocus estimates, the GF Value for Zions Bancorp NA (ZION, Financial) over the next year is projected at $53.26, indicating a potential upside of 22.1% from the recent price of $43.62. The GF Value is GuruFocus' calculated fair value of the stock, derived from its historical trading multiples, past business growth, and future performance projections. For a comprehensive analysis, visit the Zions Bancorp NA (ZION) Summary page.
