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

Chemung Financial

21/01/2025 11:08

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected
to show a
rise in quarterly revenue when it reports  results on January 23
(estimated) for the period ending December 31 2024
    * The Elmira New York-based  company is expected to report a
5.0% increase in revenue to $24.966 million from $23.77 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 $1.21 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 $57.00​, above​ its last closing price of $47.10. ​​​

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 2024  1.13        1.13       1.19      Beat    5.8
 Jun. 30 2024  1.12        1.12       1.05      Missed  -6.1
 Mar. 31 2024  1.01        1.04       1.48      Beat    42​
 Dec. 31 2023  1.11        1.12       0.81      Missed  -27.7
 ​​Sep.        1.13        1.13       1.61      Beat    42.1
 30 2023                                                
 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
 This summary was machine generated January 21 at 11:08 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)