Camden National Q3 2023 Gaap EPS $0.67 Misses $0.75 Estimate, Sales $37.66M Miss $41.89M Estimate
Portfolio Pulse from saritha@benzinga.com
Camden National (NASDAQ:CAC) reported Q3 2023 earnings of $0.67 per share, missing the analyst consensus estimate of $0.75 by 10.67%. This is a 30.93% decrease from the same period last year. The company also reported quarterly sales of $37.66 million, missing the analyst consensus estimate of $41.89 million by 10.11%. This is a 21.17% decrease from the same period last year.
October 31, 2023 | 12:13 pm
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Camden National's Q3 2023 earnings and sales missed estimates, indicating a potential negative impact on the company's stock.
Camden National's earnings and sales for Q3 2023 missed analyst estimates by 10.67% and 10.11% respectively. This underperformance, coupled with a significant decrease from the same period last year, could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100