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

CB Financial Services

27/04/2024 11:40

* CB Financial Services Inc  CBFV.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 79 cents.  The mean expectation of three analysts for the
quarter was for earnings of 55 cents per share. Wall Street
expected results to range from 52 cents to 59 cents per share.
    * Revenue fell 6.2% to $13.51 million from a year ago;
analysts
expected $12.25 million. 
    * CB Financial Services Inc's reported EPS for the quarter
was 82
cents​.
    * The company reported quarterly net income of $4.2 million.
    * CB Financial Services Inc shares had risen by 0.7% this
quarter and lost 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
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." 
    * Wall Street's median 12-month price target for CB
Financial
Services Inc is $25.00 

This summary was machine generated from LSEG data April 27 at
10:39 a.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
 Mar. 31 2024      0.55           0.62           Beat
 Dec. 31 2023      2.22           2.52           Beat
 Sep. 30 2023      0.58           0.52           Missed
 Jun. 30 2023      0.70           0.54           Missed