Cadence Bank expected to post earnings of 57  cents a share - Earnings Preview

Cadence Bank

20/10/2023 21:29

* Cadence Bank  CADE.N   CADE.K  is expected to show a fall
in
quarterly revenue when it reports  results on October 23. 
    * The Tupelo Mississippi-based  company is expected to
report  a
4.1% decrease in revenue to $460.148 million from $479.85
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cadence Bank is for
earnings of 57 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
$25​, above​ its last closing price of $20.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.74        0.74       0.66      Missed  -10.8
 ​​Jun.        0.64        0.64       0.68      Beat    6.4
 30 2022                                                
 Mar. 31 2022  0.58        0.57       0.60      Beat    4.4​
 Dec. 31 2021  -0.24       -0.32      -0.22     Beat    31
 Sep. 30 2021  0.64        0.65       0.65      Met     0
 This summary was machine generated October 20 at 20:29 GMT.  All
figures in US dollars  unless otherwise stated