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

Cass Information Systems

18/07/2024 15:12

* Cass Information Systems Inc  CASS.OQ  reported quarterly
adjusted earnings of 32 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 52 cents.  The lone analyst forecast for the
quarter was for earnings of 53 cents per share. 
    * Revenue rose 0.8% to $48.59 million from a year ago;
analysts
expected $49.99 million. 
    * Cass Information Systems Inc's reported EPS for the
quarter was
32 cents​.
    * The company reported quarterly net income of $4.48
million.
    * Cass Information Systems Inc shares had risen by 14.9%
this
quarter and gained 2.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.2%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Cass Information
Systems Inc is $47.00 
This summary was machine generated from LSEG data July 18 at
02:12 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
 Jun. 30 2024      0.53           0.32           Missed
 Mar. 31 2024      0.59           0.52           Missed
 Dec. 31 2023      0.48           0.61           Beat
 Sep. 30 2023      0.55           0.54           Missed