Camden National Earnings Preview
Portfolio Pulse from Benzinga Insights
Camden National (NASDAQ:CAC) is scheduled to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.79. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Camden National's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.08, resulting in a 0.96% share price drop the following day. Over the past year, shares have declined by 11.72%.
January 29, 2024 | 5:00 pm
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Camden National is anticipated to report an EPS of $0.79 for the upcoming quarter. Investors are focused on whether the company will surpass this estimate and provide optimistic future guidance. The stock has historically reacted to earnings outcomes and guidance, with a notable drop after the last earnings miss.
The short-term impact on CAC's stock price will likely hinge on whether the company can exceed the EPS estimate and provide strong guidance. Given the historical sensitivity of the stock to earnings reports, a beat or miss could lead to significant price movement. However, the score is neutral (0) because the direction of the impact will depend on the actual earnings results and guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100