Cadence Bank Q1 Adj EPS $0.62 Beats $0.55 Estimate
Portfolio Pulse from Benzinga Newsdesk
Cadence Bank (NYSE:CADE) reported Q1 adjusted earnings per share of $0.62, surpassing the analyst consensus estimate of $0.55 by 12.73%. However, this represents an 8.82% decrease from the $0.68 per share reported in the same period last year.
April 22, 2024 | 8:37 pm
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Cadence Bank reported a Q1 EPS of $0.62, exceeding expectations but showing a year-over-year decline.
Beating the analyst consensus estimate typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health. However, the year-over-year decrease in earnings per share might temper investor enthusiasm, suggesting a mixed but overall positive short-term outlook.
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