Cadence Bank (NYSE: CADE) is scheduled to reveal its financial results for the third quarter on Monday 21st October 2024. This disclosure will take place after market close, providing investors with significant information regarding the company's performance in the last three months period.
Financial experts on Wall Street anticipate that the concern is set to announce an estimated $0.64 profit per share for the quarter. Furthermore, the company is expected to disclose a total revenue of $450.96 million for this specific period.
Wall Street analysts have provided their insights on the company's performance for the year, forecasting a total revenue of $1.79 billion. Additionally, they anticipate the earnings per share to reach profit of $2.58 during the fiscal year.
When examining the corresponding quarter from the previous year, the company's earnings report highlighted a per-share income of $0.56. This results was derived from the company's total revenue, which reached an impressive $448.02 million during same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.69 | +7.8% | 456.98 M | -1.9% |
| Q1 2024 | $0.62 | -8.8% | 437.69 M | +2.2% |
| Q4 2023 | $0.40 | -48.7% | 23.15 M | -95.1% |
| Q3 2023 | $0.56 | -28.2% | 448.02 M | -6.6% |
| Q2 2023 | $0.64 | -12.3% | 465.84 M | +3.5% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 22nd October 2024 at 11:00 AM eastern time to review the Q3 2024 financial results.
Cadence Bank (CADE) closed Thursday's regular trading session at $33.50, marking a 0.36 percent gain. During the day, CADE shares traded between $33.08 and $33.62, with a day volume of 1.07 million shares.
