News for Carter Bankshares, Inc. (CARE)

Carter Bankshares (CARE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The average of price targets set by Wall Street analysts indicates a potential upside of 29.7% in Carter Bankshares (CARE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

The consensus price target hints at a 30.5% upside potential for Carter Bankshares (CARE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Although the revenue and EPS for Carter Bankshares (CARE) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

The consensus price target hints at a 31.2% upside potential for Carter Bankshares (CARE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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Investors need to pay close attention to Carter Bankshares (CARE) stock based on the movements in the options market lately.

While the top- and bottom-line numbers for Carter Bankshares (CARE) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Net Income: Reported $5.6 million for Q3 2024, an increase from $4.8 million in Q2 2024 and $3.6 million in Q3 2023.GAAP EPS: Achieved $0.24 for Q3 2024, surpa

Carter Bankshares (CARE) delivered earnings and revenue surprises of 0% and 3.07%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

BCB Bancorp (NASDAQ: BCBP) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.

Investors need to pay close attention to Carter Bankshares (CARE) stock based on the movements in the options market lately.

Read Investment Analysts’ Downgrades for May 31st (BRLT, BRRAY, BUR, BWB, BZLFY, CARE, CATY, CCNE, CEA, CHK) at ETF Daily News