Cass Information Systems Inc reports results for the quarter ended in December - Earnings Summary

Cass Information Systems

25/01/2024 14:33

* Cass Information Systems Inc  CASS.OQ  reported quarterly
adjusted earnings of 61 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 67 cents.  The lone analyst forecast for
the quarter was for earnings of 48 cents per share. 
    * Revenue rose 2.6% to $50.74 million from a year ago;
analysts
expected $48.33 million. 
    * Cass Information Systems Inc's reported EPS for the
quarter was
61 cents​.
    * The company reported quarterly net income of $8.41
million.
    * Cass Information Systems Inc shares had fallen by 4.7%
this
quarter.

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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for Cass Information
Systems Inc is $45.00 
This summary was machine generated from LSEG data January 25 at
02:32 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
 Dec. 31 2023      0.48           0.61           Beat
 Sep. 30 2023      0.55           0.54           Missed
 Jun. 30 2023      0.67           0.52           Missed
 Mar. 31 2023      0.70           0.51           Missed