Cadence Bank Q2 Adj EPS $0.64 Misses $0.67 Estimate, Sales $465.84M Miss $476.12M Estimate
Portfolio Pulse from totan@benzinga.com
Cadence Bank (NYSE:CADE) reported Q2 earnings of $0.64 per share, missing the analyst consensus estimate of $0.67 by 4.48%. This is a 12.33% decrease from the same period last year. The company also reported quarterly sales of $465.84 million, missing the analyst consensus estimate of $476.12 million by 2.16%. However, this is a 3.52% increase from the same period last year.
July 24, 2023 | 8:32 pm
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Cadence Bank's Q2 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Cadence Bank's earnings and sales for Q2 missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100