Carter Bankshares (CARE) Soars 5.2%: Is Further Upside Left in the Stock? [Yahoo! Finance]
Carter Bankshares, Inc. (CARE)
NASDAQ:AMEX Investor Relations:
carterbankandtrust.com
Company Research
Source: Yahoo! Finance
This compares to the stock's 1% loss over the past four weeks. With the Federal Reserve expected to cut interest rates once later this year, banking companies are in the spotlight. Hence, Carter Bankshares is likely to see an increase in demand for loans from its portfolio companies and new entities as they realize higher rates are here to stay for longer. Thus, this drove the CARE stock higher. This company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -12.5%. Revenues are expected to be $34.97 million, up 10.2% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Carter Bankshares, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's
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CARE
News
- Shareholders in Carter Bankshares (NASDAQ:CARE) are in the red if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- Surging Earnings Estimates Signal Upside for Carter Bankshares (CARE) Stock [Yahoo! Finance]Yahoo! Finance
- Implied Volatility Surging for Carter Bankshares (CARE) Stock Options [Yahoo! Finance]Yahoo! Finance
- Carter Bank Brings Relationship Banking to Raleigh Area Accesswire
- Compared to Estimates, Carter Bankshares (CARE) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
CARE
Earnings
- 4/25/24 - Beat
CARE
Sec Filings
- 6/26/24 - Form 8-K
- 6/18/24 - Form 4
- 5/23/24 - Form 8-K
- CARE's page on the SEC website