Cass Information Sys Q1 EPS $0.52 Misses $0.59 Estimate, Sales $49.68M Miss $50.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cass Information Systems (CASS) reported Q1 earnings of $0.52 per share, missing the consensus estimate of $0.59 by 11.86%. Sales were $49.68M, also missing the estimate of $50.79M by 2.19%. Despite these misses, both earnings and sales showed slight increases from the previous year.
April 18, 2024 | 12:41 pm
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NEGATIVE IMPACT
Cass Information Systems missed Q1 EPS and sales estimates, reporting slight year-over-year growth.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the slight year-over-year growth in both metrics may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100