Chemung Financial Corp expected to post earnings of $1.07 a share - Earnings Preview

Chemung Financial

21/07/2021 03:52

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected to show
a rise in quarterly revenue when it reports results on July 21
(estimated). 
* The Elmira, New York-based company is expected to report   a
2.1% increase in revenue to $22.015 million from $21.55 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Chemung Financial Corp
is for earnings of $1.07 per share. For the same quarter last
year, the company reported earnings of $1.20 per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Chemung
Financial Corp is $48​, about 10.8% above​ its last closing
price of $42.83. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  1.27        1.26       1.39      Beat    10.5
 Dec. 31 2020  1.02        1.02       1.11      Beat    9
 Sep. 30 2020  0.67        0.67       1.19      Beat    78​
 Jun. 30 2020  0.39        0.42       1.20      Beat    185.7
 Mar.          0.73​       0.75       0.51      Missed  -31.5​
 31​ 2020​                                              
 Dec. 31 2019  0.99        0.99       0.87      Missed  -12.4​
 Sep. 30 2019  0.29        0.29       0.40      Beat    37.9
 Jun. 30 2019  1.01        1.01       1.02      Beat    1
 This summary was machine generated July 21 at 02:51 GMT.  All
figures in US dollars unless otherwise stated