CapStar Finl Hldgs Q2 EPS $0.37 Beats $0.35 Estimate, Sales $28.80M Miss $29.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
CapStar Finl Hldgs (NASDAQ:CSTR) reported Q2 earnings of $0.37 per share, beating the analyst consensus estimate of $0.35 by 5.71%. However, this is a 17.78% decrease from the same period last year. The company's quarterly sales were $28.80 million, missing the analyst consensus estimate of $29.41 million by 2.07%, and marking a 5.00% decrease from the same period last year.
July 20, 2023 | 8:43 pm
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NEGATIVE IMPACT
CapStar's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
While CapStar beat earnings estimates, the YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100