CrossFirst Bankshares's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
CrossFirst Bankshares (NASDAQ:CFB) is expected to release its quarterly earnings report on Monday, 2024-01-22, with analysts predicting an EPS of $0.36. Historically, the company has surpassed EPS estimates, leading to share price movements. Last quarter, CFB beat the EPS estimate by $0.05, resulting in a 7.32% share price increase the following day. Over the past year, CFB shares have risen by 6.29%, with the stock trading at $12.925 as of January 17. Investors will be looking for not only an earnings beat but also positive guidance for the next quarter.
January 19, 2024 | 2:01 pm
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CrossFirst Bankshares is anticipated to report quarterly earnings with an expected EPS of $0.36. Positive historical performance and share price increases following earnings beats suggest potential for a positive short-term impact if the trend continues.
Given CrossFirst Bankshares' history of surpassing EPS estimates and the subsequent positive share price reactions, there is a reasonable expectation for a short-term positive impact on the stock if the company beats the EPS estimate again. However, the market's focus on forward guidance means that the actual movement will depend heavily on the company's outlook for the next quarter.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100