Capital Bancorp Q3 Adj $0.66 Misses $0.68 Estimate, Sales $44.99M Miss $45.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital Bancorp reported Q3 earnings of $0.66 per share, missing the $0.68 estimate, and sales of $44.99M, missing the $45.25M estimate. Earnings decreased by 5.71% from last year, while sales increased by 4.30%.
October 28, 2024 | 8:05 pm
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Capital Bancorp's Q3 earnings and sales both missed analyst estimates, with earnings per share at $0.66 versus the expected $0.68, and sales at $44.99M versus the expected $45.25M.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The earnings per share also decreased compared to the same period last year, which could further impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100