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

Capital Bancorp

23/10/2023 22:47

* Capital Bancorp Inc  CBNK.OQ  reported quarterly adjusted
earnings of 70 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 59 cents per share.
    * Revenue fell 1.5% to $43.14 million from a year ago;
analysts
expected $42.46 million. 
    * Capital Bancorp Inc's reported EPS for the quarter was 70
cents​.
    * The mean earnings estimate of analysts had risen by
about 10% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Capital Bancorp Inc shares had risen by 1.8% this
quarter and
lost 17.2% so far this year.
    * The company reported quarterly net income of $9.79
million.
    * Wall Street's median 12-month price target for Capital
Bancorp
Inc is $23.00 
    * 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
October 23 at 09:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.59           0.70           Beat
 Jun. 30 2023      0.54           0.52           Missed
 Mar. 31 2023      0.57           0.68           Beat
 Dec. 31 2022      0.75           0.62           Missed