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

Chemung Financial

16/07/2024 12:28

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 18
(estimated) for the period ending June 30 2024
    * The Elmira New York-based  company is expected to report a
0.1% increase in revenue to $24.075 million from $24.04 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 $49.00​, above​ its last closing price of $47.94. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.01        1.04       1.48      Beat    42
 Dec. 31 2024  1.11        1.12       0.81      Missed  -27.7
 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.        1.37        1.37       1.54      Beat    12.6
 31 2023                                                
 Dec. 31 2022  1.47        1.47       1.58      Beat    7.5​
 Sep. 30 2022  1.33        1.35       1.37      Beat    1.5
 Jun. 30 2022  1.19        1.19       1.71      Beat    43.4
 This summary was machine generated July 16 at 11:28 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)