Earnings Preview For Cadence Bank
Portfolio Pulse from Benzinga Insights
Cadence Bank (NYSE:CADE) is set to release its quarterly earnings report on October 23, 2023. Analysts estimate an earnings per share (EPS) of $0.57. The bank's past performance shows a trend of share price drops following earnings reports. The bank's shares were trading at $20.8 as of October 19, with a 52-week drop of 26.95%.
October 20, 2023 | 4:00 pm
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Cadence Bank's upcoming earnings report could potentially impact its share price, given the historical trend of price drops following earnings reports.
Historically, Cadence Bank's share price has dropped following earnings reports. Given that analysts estimate an EPS of $0.57 for the upcoming report, and considering the bank's past performance, there is a potential for a negative impact on the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100