Recap: Capital City Bank Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
Capital City Bank Group (NASDAQ:CCBG) reported Q4 earnings with an EPS of $0.7, missing estimates by 4.11% against the expected $0.73. Revenue decreased by $2.75 million compared to the same period last year. The company's share price dropped 2.11% the day after missing EPS estimates last quarter.
January 23, 2024 | 1:45 pm
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Capital City Bank Group reported lower than expected Q4 earnings with an EPS of $0.7, missing the estimate by 4.11%, and a year-over-year revenue decline. Historical data shows a potential negative impact on share price following earnings misses.
Given the earnings miss and historical share price reaction to past earnings misses, it is likely that CCBG's stock price will experience short-term negative pressure. The 2.11% drop in share price after the last earnings miss indicates a pattern that could repeat.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100