Capital Bancorp Q1 EPS $0.51 Beats $0.50 Estimate, Sales $40.98M Beat $40.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital Bancorp (NASDAQ:CBNK) reported Q1 earnings of $0.51 per share, surpassing the consensus estimate of $0.50, a 25% decrease from last year's $0.68. Sales reached $40.98M, beating estimates of $40.69M, marking a 1.15% increase from the previous year.
April 22, 2024 | 8:23 pm
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Capital Bancorp reported a Q1 EPS of $0.51, beating estimates, with a 25% decrease from last year. Sales were $40.98M, exceeding expectations and showing a 1.15% year-over-year increase.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term uptick in stock price. However, the year-over-year decrease in EPS might temper some of the positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100