Camden National (CAC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Camden National Corporation (NASDAQ:CAC ) Q2 2024 Earnings Conference Call July 30, 2024 3:00 PM ET Company Participants Renée Smyth - Chief Experience and Marketing Officer Simon Griffiths - President and CEO Mike Archer - EVP and CFO Conference Call Participants Steve Moss - Raymond James Matthew Breese - Stephen Operator Good day, and welcome to Camden National Operations Second Quarter 2024 Earnings Conference Call. My name is Lydia, and I will be your operator for today's call.
While the top- and bottom-line numbers for Camden National (CAC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Camden National (CAC) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.85 per share a year ago.