Chemung Financial Corp expected to post earnings of $1.12 a share - Earnings Preview

Chemung Financial

22/01/2024 13:46

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 24
(estimated) for the period ending December 31 2023
    * The Elmira New York-based  company is expected to report a
7.8% decrease in revenue to $23.246 million from $25.21 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (SAL represents Total/Operating revenue)
    * ​LSEG's mean analyst estimate for Chemung Financial Corp
is for
earnings of $1.12 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 $48.00​, below​ its last closing price of $48.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.13        1.13       1.61      Beat    42.1
 Jun. 30 2023  1.21        1.21       1.33      Beat    9.8
 Mar. 31 2023  1.37        1.37       1.54      Beat    12.6​
 Dec. 31 2022  1.47        1.47       1.58      Beat    7.5
 ​​Sep.        1.33        1.35       1.37      Beat    1.5
 30 2022                                                
 Jun. 30 2022  1.19        1.19       1.71      Beat    43.4​
 Mar. 31 2022  1.24        1.23       1.46      Beat    19.1
 Dec. 31 2021  1.24        1.26       1.38      Beat    9.5
 This summary was machine generated January 22 at 13:46 GMT.  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)