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

Cass Information Systems

18/04/2024 15:15

* Cass Information Systems Inc  CASS.OQ  reported quarterly
adjusted earnings of 52 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 51 cents.  The lone analyst forecast for
the quarter was for earnings of 59 cents per share. 
    * Revenue rose 0.7% to $49.68 million from a year ago;
analysts
expected $50.79 million. 
    * Cass Information Systems Inc's reported EPS for the
quarter was
52 cents​.
    * The company reported quarterly net income of $7.15
million.
    * Cass Information Systems Inc shares had fallen by 7.1%
this
quarter and lost 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.3%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Cass
Information
Systems Inc is $51.00 

This summary was machine generated from LSEG data April 18 at
02:14 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
 Mar. 31 2024      0.59           0.52           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