Chemung Financial Corp expected to post earnings of $1.20 a share - Earnings Preview

Chemung Financial

19/10/2021 03:50

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected to show
a rise in quarterly revenue when it reports results on October
19 (estimated). 
* The Elmira, New York-based company is expected to report  a
5.1% increase in revenue to $21.735 million from $20.67 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 $1.20 per share. For the same quarter last
year, the company reported earnings of $1.19 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 $50​, about 9% above​ its last closing price
of $45.51. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  1.13        1.07       1.45      Beat    35.9
 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.          0.39​       0.42       1.20      Beat    185.7​
 30​ 2020​                                              
 Mar. 31 2020  0.73        0.75       0.51      Missed  -31.5​
 Dec. 31 2019  0.99        0.99       0.87      Missed  -12.4
 Sep. 30 2019  0.29        0.29       0.40      Beat    37.9
 This summary was machine generated October 19 at 02:50 GMT.  All
figures in US dollars unless otherwise stated