Capital Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Capital Bancorp

28/07/2023 24:22

* Capital Bancorp Inc  CBNK.OQ  reported quarterly adjusted
earnings of 52 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 54 cents per share.
    * Revenue fell 4% to $42.03 million from a year ago;
analysts
expected $41.70 million. 
    * Capital Bancorp Inc's reported EPS for the quarter was 52
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Capital Bancorp Inc shares had risen by 13.9% this
quarter and
lost 12.4% so far this year.
    * The company reported quarterly net income of $7.32
million.
    * Wall Street's median 12-month price target for Capital
Bancorp
Inc is $22.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 11:22 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.54           0.52           Missed
 Mar. 31 2023      0.57           0.68           Beat
 Dec. 31 2022      0.75           0.62           Missed
 Sep. 30 2022      0.73           0.77           Beat