Camden National (NASDAQ:CAC) Stock, Quote.Headers.trade-ideas

Camden National

Camden National Corporation is a banking solutions provider in the United States. Its core business is providing commercial banking products to individuals and corporates. Its consumer and commercial banking services entail services such as loans and deposits, savings and online banking, treasury management solutions and non-profit products to consumer, institutional, municipal, non-profit and commercial customers. The company also offers investment management and fiduciary services.

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MNSB

MainStreet Bank (NASDAQ: MNSB) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.

MainStreet Bank Lags Q2 Earnings and Revenue Estimates

Premier Financial (NASDAQ: PFC) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.

Premier Financial Q2 Earnings and Revenues Miss Estimates

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AROW

NECB

As of Nov. 16, 2023, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Financial Stocks That Could Sink Your Portfolio In Q4

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Stephens &amp; Co. analyst Matt Breese maintains Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) with a Equal-Weight and raises the price target from $35 to $42.

Price Target

Stephens & Co. Maintains Equal-Weight on Camden National, Raises Price Target to $42

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) with a Market Perform and raises the price target from $37 to $40.

Keefe, Bruyette & Woods Maintains Market Perform on Camden National, Raises Price Target to $40

Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.71 by 14.08 percent. This is a 4.71 percent decrease over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $42.829 million which beat the analyst consensus estimate of $41.718 million by 2.66 percent. This is a 0.07 percent increase over sales of $42.800 million the same period last year.

Earnings Beats

Camden National Q2 2024 Adj. EPS $0.81 Beats $0.71 Estimate, Sales $42.829M Beat $41.718M Estimate

MainStreet Bank (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnsb#NASDAQ">MNSB</a>) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -15.63%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.36, delivering a surprise of -30.77%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
MainStreet Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $16.16 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.81%. This compares to year-ago revenues of $20.08 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
MainStreet Bank shares have lost about 26.7% since the beginning of the year versus the S&amp;P 500&#39;s gain of 14.5%.
What&#39;s Next for MainStreet Bank?
While MainStreet Bank has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for MainStreet Bank: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.36 on $17.1 million in revenues for the coming quarter and $1.32 on $67.13 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Camden National (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cac#NASDAQ">CAC</a>), is yet to report results for the quarter ended June 2024. The results are expected to be released on July 30.
This bank is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of -16.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Camden National&#39;s revenues are expected to be $41.64 million, down 2.7% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2310686/mainstreet-bank-mnsb-lags-q2-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2310686">To read this article on Zacks.com click here.</a>

Premier Financial (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfc#NASDAQ">PFC</a>) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this holding company for First Federal Bank of the Midwest would post earnings of $0.48 per share when it actually produced earnings of $0.50, delivering a surprise of 4.17%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Premier Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $61.3 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3%. This compares to year-ago revenues of $107.34 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Premier Financial shares have added about 5.7% since the beginning of the year versus the S&amp;P 500&#39;s gain of 13.2%.
What&#39;s Next for Premier Financial?
While Premier Financial has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Premier Financial: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $64.55 million in revenues for the coming quarter and $2.03 on $255.5 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Camden National (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cac#NASDAQ">CAC</a>), has yet to report results for the quarter ended June 2024. The results are expected to be released on July 30.
This bank is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of -16.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Camden National&#39;s revenues are expected to be $41.64 million, down 2.7% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2309919/premier-financial-pfc-q2-earnings-and-revenues-miss-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2309919">To read this article on Zacks.com click here.</a>

Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.70 by 22.86 percent. This is a 11.34 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $41.595 million which missed the analyst consensus estimate of $41.886 million by 0.69 percent. This is a 5.78 percent decrease over sales of $44.146 million the same period last year.

Camden National Q1 2024 Adj EPS $0.86 Beats $0.70 Estimate, Sales $41.595M Miss $41.886M Estimate

Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.79 by 7.59 percent. This is a 19.05 percent decrease over earnings of $1.05 per share from the same period last year. The company reported quarterly sales of $38.70 million which missed the analyst consensus estimate of $42.22 million by 8.35 percent. This is a 17.25 percent decrease over sales of $46.76 million the same period last year.

Camden National Q4 Adj EPS $0.85 Beats $0.79 Estimate, Sales $38.70M Miss $42.22M Estimate

Camden National Q4 Adj $0.85 Beats $0.79 Estimate, Sales $38.70M Miss $42.22M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) is estimated to report quarterly earnings at $0.73 per share on revenue of $208.06 million.
&bull; Hubbell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>) is expected to report quarterly earnings at $3.57 per share on revenue of $1.32 billion.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $4.56 billion.
&bull; Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $3.25 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is estimated to report quarterly earnings at $0.93 per share on revenue of $38.38 million.
&bull; Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $219.70 million.
&bull; Oshkosh (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) is expected to report quarterly earnings at $2.24 per share on revenue of $2.46 billion.
&bull; Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $6.12 billion.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.86 per share on revenue of $976.03 million.
&bull; MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) is projected to report quarterly earnings at $0.94 per share on revenue of $2.85 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is estimated to report quarterly earnings at $3.29 per share on revenue of $662.73 million.
&bull; Pfizer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) is likely to report quarterly loss at $0.22 per share on revenue of $14.21 billion.
&bull; Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $34.66 billion.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is likely to report quarterly loss at $0.28 per share on revenue of $2.28 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is projected to report quarterly earnings at $3.22 per share on revenue of $4.48 billion.
&bull; M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $1.29 billion.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is expected to report quarterly earnings at $2.58 per share on revenue of $2.23 billion.
&bull; Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) is estimated to report earnings for its fourth quarter.
&bull; Hope Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $138.35 million.
&bull; Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) is estimated to report quarterly earnings at $0.79 per share on revenue of $42.22 million.
&bull; HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) is projected to report quarterly earnings at $5.04 per share on revenue of $16.51 billion.
&bull; A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) is expected to report quarterly earnings at $0.95 per share on revenue of $983.30 million.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $38.75 billion.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.07 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is likely to report quarterly earnings at $2.47 per share on revenue of $25.48 billion.
&bull; Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $19.34 billion.
&bull; BBVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBVA#NYSE">BBVA</a>) is likely to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Northeast Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBN#NASDAQ">NBN</a>) is expected to report quarterly earnings at $1.72 per share on revenue of $36.98 million.
&bull; Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $1.47 billion.
&bull; Ashland (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $477.78 million.
&bull; Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) is likely to report quarterly earnings at $0.71 per share on revenue of $674.77 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $249.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $586.33 million.
&bull; Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $6.12 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is estimated to report quarterly earnings at $5.12 per share on revenue of $9.93 billion.
&bull; Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) is projected to report quarterly earnings at $0.64 per share on revenue of $1.41 billion.
&bull; RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) is expected to report quarterly earnings at $8.10 per share on revenue of $1.89 billion.
&bull; First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $252.73 million.
&bull; Fortune Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBIN#NYSE">FBIN</a>) is likely to report quarterly earnings at $0.93 per share on revenue of $1.18 billion.
&bull; Lifevantage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFVN#NASDAQ">LFVN</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $54.65 million.
&bull; Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $9.29 billion.
&bull; Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $9.63 billion.
&bull; Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) is likely to report quarterly earnings at $3.27 per share on revenue of $5.60 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is likely to report quarterly loss at $2.34 per share on revenue of $668.97 million.
&bull; Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) is estimated to report quarterly earnings at $1.95 per share on revenue of $1.20 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $85.22 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is projected to report quarterly earnings at $1.59 per share on revenue of $85.26 billion.
&bull; Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) is expected to report quarterly earnings at $2.12 per share on revenue of $545.81 million.
&bull; UMB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UMBF#NASDAQ">UMBF</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $360.69 million.
&bull; Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $861.46 million.
&bull; Boston Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) is projected to report earnings for its fourth quarter.
&bull; Unum Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>) is projected to report quarterly earnings at $1.86 per share on revenue of $3.14 billion.
&bull; Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $3.68 billion.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.80 per share on revenue of $223.97 million.
&bull; Axos Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) is expected to report quarterly earnings at $1.38 per share on revenue of $247.50 million.
&bull; Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is likely to report quarterly earnings at $2.94 per share on revenue of $2.40 billion.
&bull; Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $594.92 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $123.59 million.
&bull; Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $182.04 million.
&bull; Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $61.13 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 30, 2024

Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-01-30. Here's what investors need to know before the announcement.
Analysts estimate that Camden National will report an earnings per share (EPS) of $0.79. 
Camden National bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.08, which was followed by a 0.96% drop in the share price the next day.
Here's a look at Camden National's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.75</td>
<td>0.80</td>
<td>0.90</td>
<td>1.06</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.67</td>
<td>0.85</td>
<td>0.87</td>
<td>1.05</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.96%</td>
<td>2.44%</td>
<td>-2.79%</td>
<td>-5.4%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706547641_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Camden National were trading at $36.37 as of January 26. Over the last 52-week period, shares are down 11.72%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/CAC/earnings">To track all earnings releases for Camden National visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Camden National Earnings Preview

As of Nov. 16, 2023, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Velocity Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vel#NYSE">VEL</a>)</h3>
<ul>
<li>Velocity Financial posted upbeat quarterly results. &quot;Velocity&rsquo;s differentiated business model and portfolio management strategies delivered another strong quarter for shareholders,&quot; said Chris Farrar, President and CEO.&quot; The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/VEL">52-week high of $18.05. </a>.</li>
<li>RSI Value: 71.78</li>
<li>VEL Price Action: Shares of Velocity Financial fell 14.1% to close at $15.29 on Wednesday.</li>
</ul>
<h3>MoneyLion Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ml#NYSE">ML</a>)</h3>
<ul>
<li>MoneyLion posted downbeat third-quarter sales. &quot;MoneyLion had another record quarter in Q3 2023, demonstrating the strength and resilience of our business model,&quot; said Dee Choubey, MoneyLion&rsquo;s co-founder and Chief Executive Officer. The company&rsquo;s <a href="https://www.benzinga.com/quote/ML"> stock has a 52-week high </a> of $35.36.</li>
<li>RSI Value: 70.86</li>
<li>ML Price Action: Shares of MoneyLion fell 7.6% to close at $32.07 on Wednesday.</li>
</ul>
<h3>Arrow Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arow#NASDAQ">AROW</a>)</h3>
<ul>
<li>Arrow Financial posted upbeat third-quarter earnings. Arrow President and CEO David S. DeMarco said, &quot;This quarter, we continued to experience substantial loan growth with asset and deposit balances at or near record highs. We also continued our pattern of issuing cash and stock dividends, underscoring our dedication to creating value for our shareholders.&quot; The company has a <a href="https://www.benzinga.com/quote/AROW"> 52-week high </a> of $36.51.</li>
<li>RSI Value: 76.52</li>
<li>AROW Price Action: Shares of Arrow Financial fell 3.1% to close at $24.44 on Wednesday.</li>
</ul>
<h3>Northeast Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/necb#NASDAQ">NECB</a>)</h3>
<ul>
<li>NorthEast Community Bancorp reported better-than-expected third-quarter sales results. Kenneth A. Martinek, NorthEast Community Bancorp&rsquo;s Chairman of the Board and Chief Executive Officer said, &ldquo;We are pleased to report another quarter of strong earnings due to the strong performance of our loan portfolio.&rdquo; The company&rsquo;s 52-week high is $17.31.</li>
<li>RSI Value: 73.42</li>
<li>NECB Price Action: Shares of Northeast Community Bancorp fell 2.5% to close at $16.88 on Wednesday.</li>
</ul>
<h3>Camden National Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cac#NYSE">CAC</a>)</h3>
<ul>
<li>Camden National posted downbeat third-quarter results. The continued strength of our capital and operating earnings allowed us to execute an investment restructure strategy that repositions us for the future, while still reporting positive quarterly earnings,&quot; said Gregory A. Dufour, President and Chief Executive Officer. The company <a href="https://www.benzinga.com/quote/CAC"> has a 52-week high </a> of $43.88.</li>
<li>RSI Value: 74.06</li>
<li>CAC Price Action: Shares of Camden National fell 1.8% to settle at $34.61 on Wednesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/35820440/walmart-alibaba-and-3-stocks-to-watch-heading-into-thursday"> Walmart, Alibaba And 3 Stocks To Watch Heading Into Thursday </a>

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Shares of broader financial stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) reported quarterly earnings of $0.67 per share which missed the analyst consensus estimate of $0.75 by 10.67 percent. This is a 30.93 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $37.66 million which missed the analyst consensus estimate of $41.89 million by 10.11 percent. This is a 21.17 percent decrease over sales of $47.77 million the same period last year.

Camden National Q3 2023 Gaap EPS $0.67 Misses $0.75 Estimate, Sales $37.66M Miss $41.89M Estimate

Management

Camden National Corporation Appoints Simon Griffiths As Successor To CEO Effective December 31

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) with a Market Perform and lowers the price target from $32 to $31.

Keefe, Bruyette & Woods Maintains Market Perform on Camden National, Lowers Price Target to $31

Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.80 by 6.25 percent. This is a 16.67 percent decrease over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $42.80 million which beat the analyst consensus estimate of $42.23 million by 1.35 percent. This is a 10.23 percent decrease over sales of $47.67 million the same period last year.

Camden National Q2 EPS $0.85 Beats $0.80 Estimate, Sales $42.80M Beat $42.23M Estimate

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Earnings Scheduled For July 25, 2023

Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-07-25. Here's what investors need to know before the announcement.
Analysts estimate that Camden National will report an earnings per share (EPS) of $0.80. 
Camden National bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.03, which was followed by a 2.79% drop in the share price the next day.
Here's a look at Camden National's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.90</td>
<td>1.06</td>
<td>1.10</td>
<td>1.06</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.87</td>
<td>1.05</td>
<td>0.97</td>
<td>1.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.79%</td>
<td>-5.4%</td>
<td>-1.43%</td>
<td>1.68%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1690221727_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Camden National were trading at $32.98 as of July 21. Over the last 52-week period, shares are down 24.45%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CAC/earnings">To track all earnings releases for Camden National visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Camden National

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Shares of banks and financial services companies are trading higher as the sector continues to rebound following volatility this year. The recent signing of a US debt limit bill may be lifting overall market sentiment.

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Camden National (CAC) Forecast

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