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

Capital Bancorp

21/04/2023 03:48

* Capital Bancorp Inc  CBNK.OQ  reported quarterly adjusted
earnings of 68 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 57 cents per share.
    * Revenue fell 2.7% to $40.51 million from a year ago;
analysts
expected $41.84 million. 
    * Capital Bancorp Inc's reported EPS for the quarter was 68
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Capital Bancorp Inc shares had fallen by 0.5% this
quarter and
lost 29.7% so far this year.
    * The company reported quarterly net income of $9.74
million.
    * Wall Street's median 12-month price target for Capital
Bancorp
Inc is $22.50 
    * 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
April 21 at 02:47 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.61           0.80           Beat