Chemung Financial Corp expected to post earnings of $1.21 a share - Earnings Preview

Chemung Financial

17/07/2023 12:34

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 19
(estimated). 
    * The Elmira New York-based  company is expected to report 
a
5.9% increase in revenue to $24.308 million from $22.96 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 $1.21 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 $43​, above​ its last closing price of $38.30. ​​​

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 2023  1.37        1.37       1.54      Beat    12.6
 Dec. 31 2023  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
 ​​Mar.        1.24        1.23       1.46      Beat    19.1
 31 2022                                                
 Dec. 31 2021  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
 This summary was machine generated July 17 at 11:34 GMT.  All
figures in US dollars  unless otherwise stated