Cass Information Systems Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Cass Information Systems (NASDAQ:CASS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$55.6m (up 2.9% from 3Q 2023).
• Net income: US$2.94m (down 60% from 3Q 2023).
• Profit margin: 5.3% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.22 (down from US$0.55 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cass Information Systems Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Cass Information Systems that you need to take into consideration.

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