Camden National Q2 2024 Adj. EPS $0.81 Beats $0.71 Estimate, Sales $42.829M Beat $41.718M Estimate
Portfolio Pulse from Benzinga Newsdesk
Camden National (NASDAQ:CAC) reported Q2 2024 adjusted EPS of $0.81, beating the $0.71 estimate. Sales were $42.829M, surpassing the $41.718M estimate. Despite the beats, EPS decreased by 4.71% YoY, and sales increased by only 0.07% YoY.
July 30, 2024 | 12:27 pm
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Camden National (NASDAQ:CAC) reported Q2 2024 adjusted EPS of $0.81, beating the $0.71 estimate by 14.08%. Sales were $42.829M, surpassing the $41.718M estimate by 2.66%. However, EPS decreased by 4.71% YoY, and sales increased by only 0.07% YoY.
Camden National's Q2 2024 earnings and sales both exceeded analyst estimates, which is generally positive for the stock. However, the YoY decrease in EPS and marginal increase in sales may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100