Cadence Bank expected to post earnings of 55 cents a share - Earnings Preview

Cadence Bank

19/04/2024 22:46

* Cadence Bank  CADE.N   CADE.K  is expected to show a fall
in
quarterly revenue when it reports  results on April 22 for the
period ending March 31 2024
    * The Tupelo Mississippi-based  company is expected to
report a
0.3% decrease in revenue to $427.179 million from $428.34
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cadence Bank is for
earnings
of 55 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and no "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 $27.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.52        0.53       0.40      Missed  -24.1
 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.        0.73        0.74       0.52      Missed  -30
 31 2022                                                
 Sep. 30 2022  0.74        0.74       0.66      Missed  -10.8​
 Jun. 30 2022  0.64        0.64       0.68      Beat    6.4
 Mar. 31 2022  0.58        0.57       0.60      Beat    4.4
 This summary was machine generated April 19 at 21:46 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)