CNB M
CNB Monetary (CCNE) got here out with quarterly earnings of $0.69 per share, according to the Zacks Consensus Estimate. This compares to earnings of $0.59 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this financial institution holding firm would put up earnings of $0.63 per share when it really produced earnings of $0.68, delivering a shock of seven.94%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
CNB, which belongs to the Zacks Banks – Northeast business, posted revenues of $36.50 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 1.58%. This compares to year-ago revenues of $32.55 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s fast value motion based mostly on the recently-released numbers and future earnings…