CapStar Financial Holdings (NASDAQ: CSTR) is scheduled to release its quarterly earnings report on April 20, 2023. Despite higher revenues, analysts forecast that the company will report earnings per share (EPS) of $0.40, indicating a decline in earnings year-over-year. The market will closely monitor the results to determine how they compare to expectations and how they may affect the stock price of the company in the short term.
Supporters of CapStar Financial Holdings will be expecting a positive earnings surprise and optimistic guidance for the next quarter. However, it is essential to remember that guidance or forecasts typically have a greater impact on stock prices than earnings misses or beats.
In the preceding quarter, CapStar Financial Holdings missed EPS by $0.02, resulting in a 2.89% share price decline the following day. The table below depicts the company’s historical performance and the resulting stock price fluctuations:
Estimated Quarter EPS Actual Quarter EPS Price Change %
Q4 2022 0.49 0.47 -2.89%
Q3 2022 0.47 0.37 -2.67%
Q2 2022 0.46 0.45 -2.69%
Q1 2022 0.44 0.48 1.04%
Investors will closely monitor the upcoming earnings report for CapStar Financial Holdings to evaluate its performance and the potential impact on its stock price.
Prior to Next Reporting Date, ASB Stock Analysis: Consistent Earnings and Undervalued Price/Sales Ratio
Associated Banc-Corp (ASB) opened at 17.97 on April 19, 2023, and fluctuated between 17.94 and 18.36 with a volume of 305,612. ASB has demonstrated consistent earnings growth over the past year, with a 7.45% increase in earnings and a 35.85% increase in revenue.
Its P/E ratio of 7.8 is lower than the average for the industry. Its price/sales ratio of 2.41 and price/book ratio of 0.71 are also lower than the average for the industry, indicating that the stock may be undervalued. The next reporting date for ASB is April 21, 2023, when it is expected to report an earnings per share estimate of $0.64.
The median 12-month price forecast for Associated Banc-Corp (ASB) is $19.00
Associated Banc-Corp (ASB) had a median price target of $19.00 on April 19, 2023, according to nine analysts providing 12-month price forecasts. The highest estimate was $26, while the lowest estimate was $19. The median estimate represented an increase of +3.49% over the previous price of $18.36.