Cadence Bank Q4 2023 Adj. EPS $0.40 Misses $0.53 Estimate
Portfolio Pulse from Benzinga Newsdesk
Cadence Bank reported an adjusted EPS of $0.40 for Q4 2023, which fell short of the estimated $0.53.
January 29, 2024 | 9:42 pm
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NEGATIVE IMPACT
Cadence Bank's Q4 2023 adjusted earnings per share (EPS) of $0.40 did not meet the analysts' expectations of $0.53.
Earnings misses typically lead to negative investor sentiment and can cause a short-term decline in stock price. As the EPS miss is significant, it is likely to have a notable impact on Cadence Bank's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100