One Cambridge Bancorp (NASDAQ:CATC) Analyst Just Slashed Their Estimates By A Noteworthy 21% [Yahoo! Finance]
Cambridge Bancorp (CATC)
NASDAQ:AMEX Investor Relations:
ir.cambridgetrust.com
Company Research
Source: Yahoo! Finance
This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. The stock price has risen 8.6% to US$64.72 over the past week. It will be interesting to see if this downgrade motivates investors to start selling their holdings. Following the latest downgrade, the one analyst covering Cambridge Bancorp provided consensus estimates of US$110m revenue in 2024, which would reflect a sizeable 28% decline on its sales over the past 12 months. Statutory earnings per share are presumed to grow 15% to US$4.19. Prior to this update, the analyst had been forecasting revenues of US$140m and earnings per share (EPS) of US$4.43 in 2024. It looks like analyst sentiment has fallen somewhat in this update, with a sizeable cut to revenue estimates and a minor downgrade to earnings per share numbers as well. See our latest analysis for Cambridge Bancorp Of course, another way to look at these forecasts is to place them
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CATC
News
- Cambridge Bancorp (NASDAQ:CATC) Is Due To Pay A Dividend Of $0.67 [Yahoo! Finance]Yahoo! Finance
- Investors in Cambridge Bancorp (NASDAQ:CATC) have unfortunately lost 17% over the last three years [Yahoo! Finance]Yahoo! Finance
- Cambridge (CATC) Q1 Earnings and Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Cambridge Bancorp Announces First Quarter 2024 Results and Declares Quarterly DividendPR Newswire
- Cambridge Bancorp Sets First Quarter 2024 Earnings Release Date [Yahoo! Finance]Yahoo! Finance
CATC
Earnings
- 4/23/24 - Miss
CATC
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- CATC's page on the SEC website