Carter BanksharesNASDAQ: CARE

Carter Bankshares (CARE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

GREENSBORO, N.C. , June 6, 2024 /PRNewswire/ --  Tanger®  (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has been recognized by Nareit, the National Association of Real Estate Investment Trusts, with the 2024 Nareit Investor CARE (Communications and Reporting Excellence) Gold Award in the Small Cap Equity REIT category.

Carter Bankshares (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

The mean of analysts' price targets for Carter Bankshares (CARE) points to a 28.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

The average price target suggests that Carter Bankshares (CARE) could see a potential increase of 30.9%. Although studies show that this metric may not always be accurate, an increase in earnings estimates could indicate that the stock will experience growth soon.

The financial results of Carter Bankshares (CARE) for the quarter ending in March 2024 provide an overview of the company's performance, but it may be valuable to examine how certain key metrics stack up against Wall Street forecasts and the same period last year.

While the top- and bottom-line numbers for Carter Bankshares, Inc. (CARE) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.20 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.59 per share a year ago.

While the top- and bottom-line numbers for Carter Bankshares, Inc. (CARE) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.