Cass Information Sys Q2 EPS $0.32 Misses $0.53 Estimate, Sales $48.59M Miss $49.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cass Information Sys (NASDAQ:CASS) reported Q2 earnings of $0.32 per share, missing the analyst estimate of $0.53 by 39.62%. Sales were $48.59M, slightly below the $49.99M estimate. Earnings decreased by 38.46% year-over-year, while sales saw a modest increase of 0.79%.
July 18, 2024 | 12:39 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Cass Information Sys reported Q2 earnings of $0.32 per share, missing the analyst estimate of $0.53 by 39.62%. Sales were $48.59M, slightly below the $49.99M estimate. Earnings decreased by 38.46% year-over-year, while sales saw a modest increase of 0.79%.
The significant miss on EPS and the slight miss on sales estimates are likely to negatively impact the stock price in the short term. The year-over-year decrease in earnings further adds to the negative sentiment, despite the modest increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100