Cadence Bank expected to post earnings of 53 cents a share - Earnings Preview

Cadence Bank

26/01/2024 23:01

* Cadence Bank  CADE.N   CADE.K  is expected to show a fall
in
quarterly revenue when it reports  results on January 29 for the
period ending December 31 2023
    * The Tupelo Mississippi-based  company is expected to
report a
7.6% decrease in revenue to $438.195 million from $474.23
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for Cadence Bank is for
earnings
of 53 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cadence
Bank is
$32.00​, above​ its last closing price of $29.60. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.55        0.57       0.56      Missed  -1.9
 Jun. 30 2023  0.66        0.67       0.60      Missed  -10.4
 Mar. 31 2023  0.66        0.66       0.40      Missed  -39.5​
 Dec. 31 2022  0.73        0.74       0.52      Missed  -30
 ​​Sep.        0.74        0.74       0.66      Missed  -10.8
 30 2022                                                
 Jun. 30 2022  0.64        0.64       0.68      Beat    6.4​
 Mar. 31 2022  0.58        0.57       0.60      Beat    4.4
 Dec. 31 2021  -0.24       -0.32      -0.22     Beat    31
 This summary was machine generated January 26 at 23:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)