Chemung Financial Corp expected to post earnings of $1.19 a share - Earnings Preview

Chemung Financial

18/07/2022 12:14

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 20
(estimated). 
    * The Elmira New York-based  company is expected to report 
a
0.2% decrease in revenue to $22.516 million from $22.57 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 $1.19 per share. For the same quarter last year,
the company reported earnings of $1.45 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 $52​, above​ its last closing price of $44.28. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  1.24        1.23       1.46      Beat    19.1
 Dec. 31 2022  1.24        1.26       1.38      Beat    9.5
 Sep. 30 2021  1.21        1.20       1.42      Beat    18.7​
 Jun. 30 2021  1.13        1.07       1.45      Beat    35.9
 ​​Mar.        1.27        1.26       1.39      Beat    10.5
 31 2021                                                
 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
 This summary was machine generated July 18 at 11:14 GMT.  All
figures in US dollars  unless otherwise stated