Camden National Corp reports results for the quarter ended in June - Earnings Summary

Camden National

30/07/2024 14:32

* Camden National Corp  CAC.OQ  reported quarterly adjusted
earnings of 81 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 85 cents.  The mean expectation of four analysts for the
quarter was for earnings of 71 cents per share. Wall Street
expected results to range from 68 cents to 74 cents per share.
    * Revenue rose 0.1% to $42.83 million from a year ago;
analysts
expected $41.72 million. 
    * Camden National Corp's reported EPS for the quarter was 81
cents​.
    * The company reported quarterly net income of $11.99
million.
    * Camden National Corp shares had risen by 21.4% this
quarter and
gained 6.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Camden National
Corp is $35.00 
This summary was machine generated from LSEG data July 30 at
01:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.71           0.81           Beat
 Mar. 31 2024      0.70           0.91           Beat
 Dec. 31 2023      0.79           0.58           Missed
 Sep. 30 2023      0.75           0.67           Missed