Cadence Bank expected to post earnings of 61 cents a share - Earnings Preview

Cadence Bank

19/07/2024 22:56

* Cadence Bank  CADE.N   CADE.K  is expected to show a fall
in
quarterly revenue when it reports  results on July 22 for the
period ending June 30 2024
    * The Tupelo Mississippi-based  company is expected to
report a
5.0% decrease in revenue to $442.655 million from $465.84
million a year ago, according to the mean estimate from 10
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 61 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"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
$31.00​, below​ its last closing price of $31.75. ​​​

This summary was machine generated July 19 at 21:56 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)