CB Financial Services Inc reports results for the quarter ended in January - Earnings Summary

CB Financial Services

26/07/2024 13:00

* CB Financial Services Inc  CBFV.OQ  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 54 cents.  The mean expectation of
three analysts for the quarter was for earnings of 51 cents per
share. Wall Street expected results to range from 49 cents to 55
cents per share.
    * Revenue fell 9.2% to $12.16 million from a year ago;
analysts
expected $12.30 million. 
    * CB Financial Services Inc's reported EPS for the quarter
was 51
cents​.
    * The company reported quarterly net income of $2.65
million.
    * CB Financial Services Inc shares had risen by 10.3% this
quarter and gained 5.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for CB Financial
Services Inc is $24.00 
This summary was machine generated from LSEG data July 26 at
12:00 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.51           0.52           Beat
 Mar. 31 2024      0.55           0.62           Beat
 Dec. 31 2023      2.22           2.52           Beat
 Sep. 30 2023      0.58           0.52           Missed