Carter Bankshares, Inc. (CARE) reported $34.41 million in income for the quarter ended September 2024, representing a year-over-year enhance of 5.4%. EPS of $0.23 for a similar interval compares to $0.20 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $35.5 million, representing a shock of -3.07%. The corporate has not delivered EPS shock, with the consensus EPS estimate being $0.23.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers undertaking a inventory’s worth efficiency extra precisely.
Right here is how Carter Bankshares carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Effectivity Ratio: 80.2% versus the two-analyst common estimate of 78.7%.
- Web Curiosity Margin: 2.6% versus the two-analyst common estimate of two.6%.
- Whole Noninterest Revenue: $5.42 million in comparison with the $5.61 million common estimate primarily based on two analysts.
View all Key Company Metrics for Carter Bankshares here>>>
Shares of Carter Bankshares have returned +7% over the previous month versus the Zacks S&P 500 composite’s +1.5% change. The inventory presently has a Zacks Rank #5 (Robust Promote), indicating that it may underperform the broader market within the close to time period.
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Carter Bankshares, Inc. (CARE) : Free Stock Analysis Report
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