Preview: Cadence Bank's Earnings
Portfolio Pulse from Benzinga Insights
Cadence Bank (NYSE:CADE) is set to release its quarterly earnings report on Monday, 2023-07-24, with analysts estimating an EPS of $0.67. The bank's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The bank's shares were trading at $22.64 as of July 20, with a 52-week return of -8.32%.
July 21, 2023 | 5:01 pm
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Cadence Bank is expected to release its earnings report, with an estimated EPS of $0.67. Despite beating EPS estimates in the past, the bank's share price has typically dropped afterwards. The bank's 52-week return is -8.32%.
The upcoming earnings report is a significant event for Cadence Bank. However, the bank's history of beating EPS estimates but experiencing a drop in share price afterwards could indicate a negative short-term impact on the stock. Additionally, the bank's negative 52-week return could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100