Carter Bankshares Inc (NASDAQ: CARE) has reported E.P.S. of $0.21 for its second fiscal quarter (ending June 30) versus $0.24 for the same period a year ago — a decline of -12%. Relative to the consensus estimate of $0.22, this was a shortfall of $-0.00. E.P.S. were $0.54 for the latest four quarters through June 30 versus $2.15 for the same period a year ago — a decline of -75%.
Recent Price Action
Carter Bankshares Inc (NASDAQ: CARE) stock closed at $16.78 on 7/25/24 after a slight gain of 0.06%. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CARE is expected to be Value Creation neutral.
Carter Bankshares has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Carter Bankshares has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 47, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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