Looking Into Cadence Bank's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Cadence Bank (NYSE:CADE) reported a loss in earnings of $101.31 million in Q2, but sales increased by 8.75% to $465.84 million. The bank posted a Return on Capital Employed (ROCE) of 0.05%, indicating effective capital allocation. However, Q2 earnings per share of $0.64 did not meet analyst predictions of $0.67.
July 25, 2023 | 2:47 pm
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Cadence Bank reported a Q2 loss but an increase in sales and a positive ROCE, indicating effective capital allocation. However, it missed analyst EPS predictions.
While Cadence Bank reported a loss in Q2, it also reported an increase in sales and a positive ROCE, suggesting effective capital allocation. However, the bank missed analyst EPS predictions, which could negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100