Cass Information Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Cass Information Systems Inc CASS reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The lone analyst forecast for the quarter was for earnings of 72 cents per share.

• Revenue fell 8.6% to $44.40 million from a year ago; analysts expected $51.00 million.

• Cass Information Systems Inc's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of $8.86 million.

• Cass Information Systems Inc shares had risen by 2.7% this quarter and gained 9.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Cass Information Systems Inc is $50.00, about 10.8% above its last closing price of $44.61

This summary was machine generated from LSEG data July 17 at 12:34 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)