Comerica Inc. (CMA) - Get Comerica Incorporated Report is expected to report adjusted net income of $282.8 million, or $1.90 a share, on sales of $832.4 million before the market opens on Wednesday, based on a FactSet survey of 24 analysts.
In the same period a year ago. the company posted earnings of $1.86 a share on sales of $833 million. It reported net income of $324 million.
The stock has fallen 5.7% since the company last reported earnings on July 17.
Quarterly estimates have fallen 2.6 cents a share in the past month.
In the upcoming quarter analysts are forecasting adjusted net income of $266.6 million, or $1.83 a share, on sales of $819.2 million.
Comerica is currently trading at a price-to-forward-earnings ratio of 9 based on the 12-month estimates of 25 analysts surveyed by FactSet.
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