Cass Information Sys Q3 EPS $0.21 Misses $0.50 Estimate, Sales $50.55M Beat $49.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cass Information Sys reported Q3 earnings per share of $0.21, missing the $0.50 estimate, but sales of $50.55M beat the $49.00M estimate. EPS decreased by 61.11% from last year, while sales increased by 2.70%.
October 17, 2024 | 12:34 pm
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Cass Information Sys reported Q3 EPS of $0.21, missing the $0.50 estimate by 58%, while sales of $50.55M beat the $49.00M estimate. EPS decreased significantly from last year, but sales showed a modest increase.
The significant miss on EPS compared to estimates and the large year-over-year decrease in EPS are likely to negatively impact the stock price in the short term, despite the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100