CB Financial Services Inc reports results for the quarter ended in September 30 - Earnings Summary

CB Financial Services

27/10/2024 15:40

* CB Financial Services Inc  CBFV.OQ  reported quarterly
adjusted
earnings of 55 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 52 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 50 cents to 52
cents per share.
    * Revenue fell 3.2% to $12.71 million from a year ago;
analysts
expected $12.52 million. 
    * CB Financial Services Inc's reported EPS for the quarter
was 60
cents​.
    * The company reported quarterly net income of $3.22
million.
    * CB Financial Services Inc shares had risen by 3.3% this
quarter and gained 21.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 25.00 
This summary was machine generated from LSEG data October 27 at
03:40 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
 Sep. 30 2024      0.51           0.55           Beat
 Jun. 30 2024      0.51           0.52           Beat
 Mar. 31 2024      0.55           0.62           Beat
 Dec. 31 2023      2.22           2.52           Beat