Cass Information Sys Q3 EPS $0.54 Down From $0.64 YoY, Sales $49.22M Beat $48.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cass Information Sys (NASDAQ:CASS) reported Q3 earnings of $0.54 per share, a 15.62% decrease YoY. However, the company's quarterly sales of $49.22 million beat the analyst consensus estimate of $48.08 million by 2.38%, marking a 4.27% increase YoY.
October 19, 2023 | 12:37 pm
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NEUTRAL IMPACT
Cass Information Sys reported a YoY decrease in Q3 earnings but beat sales estimates.
While the company's earnings have decreased YoY, the fact that it beat sales estimates could balance out the impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100