We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q4 Potential of Cadence (CADE): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Cadence (CADE - Free Report) will report quarterly earnings of $0.79 per share in its upcoming release, pointing to a year-over-year increase of 12.9%. It is anticipated that revenues will amount to $523.7 million, exhibiting an increase of 16.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Cadence metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Adjusted Efficiency Ratio fully tax equivalent' to reach 56.3%. The estimate compares to the year-ago value of 59.1%.
Analysts' assessment points toward 'Net Interest Margin' reaching 3.5%. The estimate compares to the year-ago value of 3.4%.
It is projected by analysts that the 'Average Balance - Total interest earning assets' will reach $48.77 billion. Compared to the present estimate, the company reported $42.92 billion in the same quarter last year.
The consensus estimate for 'Non-Performing Loans' stands at $251.17 million. Compared to the present estimate, the company reported $264.69 million in the same quarter last year.
The average prediction of analysts places 'Non-Performing Assets' at $267.20 million. The estimate compares to the year-ago value of $270.45 million.
Analysts expect 'Total noninterest income' to come in at $96.18 million. Compared to the current estimate, the company reported $86.17 million in the same quarter of the previous year.
Analysts predict that the 'Net Interest Income' will reach $427.67 million. The estimate is in contrast to the year-ago figure of $365.18 million.
The collective assessment of analysts points to an estimated 'Net Interest Income (FTE)' of $426.76 million. Compared to the current estimate, the company reported $364.53 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Credit card, debit card and merchant fees' should come in at $13.82 million. Compared to the present estimate, the company reported $12.66 million in the same quarter last year.
The combined assessment of analysts suggests that 'Other noninterest income' will likely reach $28.42 million. Compared to the present estimate, the company reported $27.28 million in the same quarter last year.
The consensus among analysts is that 'Deposit Service charges' will reach $19.28 million. Compared to the present estimate, the company reported $18.69 million in the same quarter last year.
Based on the collective assessment of analysts, 'Mortgage banking' should arrive at $6.80 million. Compared to the present estimate, the company reported $3.55 million in the same quarter last year.
Shares of Cadence have experienced a change of +2.3% in the past month compared to the +2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CADE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q4 Potential of Cadence (CADE): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Cadence (CADE - Free Report) will report quarterly earnings of $0.79 per share in its upcoming release, pointing to a year-over-year increase of 12.9%. It is anticipated that revenues will amount to $523.7 million, exhibiting an increase of 16.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Cadence metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Adjusted Efficiency Ratio fully tax equivalent' to reach 56.3%. The estimate compares to the year-ago value of 59.1%.
Analysts' assessment points toward 'Net Interest Margin' reaching 3.5%. The estimate compares to the year-ago value of 3.4%.
It is projected by analysts that the 'Average Balance - Total interest earning assets' will reach $48.77 billion. Compared to the present estimate, the company reported $42.92 billion in the same quarter last year.
The consensus estimate for 'Non-Performing Loans' stands at $251.17 million. Compared to the present estimate, the company reported $264.69 million in the same quarter last year.
The average prediction of analysts places 'Non-Performing Assets' at $267.20 million. The estimate compares to the year-ago value of $270.45 million.
Analysts expect 'Total noninterest income' to come in at $96.18 million. Compared to the current estimate, the company reported $86.17 million in the same quarter of the previous year.
Analysts predict that the 'Net Interest Income' will reach $427.67 million. The estimate is in contrast to the year-ago figure of $365.18 million.
The collective assessment of analysts points to an estimated 'Net Interest Income (FTE)' of $426.76 million. Compared to the current estimate, the company reported $364.53 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Credit card, debit card and merchant fees' should come in at $13.82 million. Compared to the present estimate, the company reported $12.66 million in the same quarter last year.
The combined assessment of analysts suggests that 'Other noninterest income' will likely reach $28.42 million. Compared to the present estimate, the company reported $27.28 million in the same quarter last year.
The consensus among analysts is that 'Deposit Service charges' will reach $19.28 million. Compared to the present estimate, the company reported $18.69 million in the same quarter last year.
Based on the collective assessment of analysts, 'Mortgage banking' should arrive at $6.80 million. Compared to the present estimate, the company reported $3.55 million in the same quarter last year.
View all Key Company Metrics for Cadence here>>>Shares of Cadence have experienced a change of +2.3% in the past month compared to the +2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CADE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .