Cadence Bank expected to post earnings of 74cents a share - Earnings Preview

Cadence Bank

22/10/2022 02:41

* Cadence Bank  CADE.N   CADE.K  is expected to show a rise
in
quarterly revenue when it reports  results on October 24. 
    * The Tupelo Mississippi-based  company is expected to
report  a
75.6% increase in revenue to $467.035 million from $265.96
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cadence Bank is for
earnings of 74 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"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​, above​ its last closing price of $27.05. ​​​

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 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​
 Sep. 30 2021  0.64        0.65       0.65      Met     0
 ​​Jun.        0.68        0.67       0.53      Missed  -20.4
 30 2021                                                
 Mar. 31 2021  0.63        0.63       0.77      Beat    22.5​
 Dec. 31 2020  0.62        0.62       0.69      Beat    11
 Sep. 30 2020  0.52        0.53       0.69      Beat    29
 This summary was machine generated October 22 at 01:41 GMT.  All
figures in US dollars  unless otherwise stated