Capstar Financial (CSTR) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.17%. A quarter ago, it was expected that this bank holding company would post earnings of $0.44 per share when it actually produced earnings of $0.50, delivering a surprise of 13.64%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Capstar Financial, which belongs to the Zacks Banks – Southeast industry, posted revenues of $32.92 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 3.79%. This compares to year-ago revenues of $28.5 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
