Camden National Corp expected to post earnings of 79 cents a share - Earnings Preview

Camden National

26/01/2024 13:47

* Camden National Corp  CAC.OQ   CAC.O  is expected to show
a fall
in quarterly revenue when it reports  results on January 30 for
the period ending December 31 2023
    * The Camden Maine-based  company is expected to report a
9.7% decrease in revenue to $42.225 million from $46.76 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (Sales/Revenue Majority Basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for Camden National Corp is
for
earnings of 79 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 Camden
National
Corp is $35.00​, below​ its last closing price of $36.68. ​​​

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  0.75        0.75       0.67      Missed  -10.4
 Jun. 30 2023  0.78        0.81       0.85      Beat    5.6
 Mar. 31 2023  0.87        0.90       0.87      Missed  -3​
 Dec. 31 2022  1.06        1.06       1.05      Missed  -0.9
 ​​Sep.        1.10        1.09       0.97      Missed  -11.3
 30 2022                                                
 Jun. 30 2022  1.06        1.06       1.02      Missed  -4​
 Mar. 31 2022  1.02        1.02       1.13      Beat    11.1
 Dec. 31 2021  1.04        1.04       1.11      Beat    6.5
 This summary was machine generated January 26 at 13:47 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)