Cass Information Sys Q2 EPS $0.52 Misses $0.67 Estimate, Sales $48.21M Miss $49.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cass Information Sys (NASDAQ:CASS) reported Q2 earnings of $0.52 per share, missing the analyst consensus estimate of $0.67 by 22.39%. This is a 16.13% decrease from the same period last year. The company also reported quarterly sales of $48.21 million, missing the analyst consensus estimate of $49.67 million by 2.95%. However, this is a 9.01% increase from the same period last year.
July 20, 2023 | 12:41 pm
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NEGATIVE IMPACT
Cass Information Sys reported lower than expected Q2 earnings and sales. Earnings per share decreased by 16.13% YoY, while sales increased by 9.01% YoY.
Cass Information Sys reported lower than expected earnings and sales for Q2. This could negatively impact the company's stock price in the short term as it indicates a potential slowdown in the company's growth and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100