Carter Bankshares Q2 EPS $0.24 Misses $0.61 Estimate
Portfolio Pulse from Benzinga Newsdesk
Carter Bankshares (NASDAQ:CARE) reported Q2 earnings of $0.24 per share, missing the analyst consensus estimate of $0.61 by 60.66%. This represents a 45.45% decrease from the same period last year.
July 27, 2023 | 12:04 pm
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Carter Bankshares' Q2 earnings per share of $0.24 missed the consensus estimate of $0.61 by 60.66%, a 45.45% decrease YoY.
Carter Bankshares' Q2 earnings significantly missed the analyst consensus, which is a strong negative signal. This could lead to a decrease in the company's stock price in the short term as it indicates that the company's financial performance is not meeting expectations.
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