Camden National Corp reports results for the quarter ended in September 30 - Earnings Summary

Camden National

29/10/2024 14:14

* Camden National Corp  CAC.OQ  reported quarterly adjusted
earnings of 94 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 67 cents.  The mean expectation of four analysts
for the quarter was for earnings of 83 cents per share. Wall
Street expected results to range from 81 cents to 84 cents per
share.
    * Revenue rose 27.9% to $44.99 million from a year ago;
analysts
expected $43.91 million. 
    * Camden National Corp's reported EPS for the quarter was 90
cents​.
    * The company reported quarterly net income of $13.07
million.
    * Camden National Corp shares had risen by 0.4% this
quarter and
gained 10.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $41.00 
This summary was machine generated from LSEG data October 29 at
02:14 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
 Sep. 30 2024      0.83           0.94           Beat
 Jun. 30 2024      0.71           0.81           Beat
 Mar. 31 2024      0.70           0.91           Beat
 Dec. 31 2023      0.79           0.58           Missed