Chemung Financial Corp expected to post earnings of $1.26 a share - Earnings Preview

Chemung Financial

18/01/2022 14:11

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected to show
a fall in quarterly revenue when it reports  results on January
20 (estimated). 
* The Elmira New York-based  company is expected to report  a
5.5% decrease in revenue to $22.03 million from $23.31 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 $1.26 per share. For the same quarter last
year, the company reported earnings of $1.11 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​, about 11.4% above​ its last closing
price of $46.09. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  1.27        1.26       1.39      Beat    10.5​
 Dec. 31 2020  1.02        1.02       1.11      Beat    9
 ​​Sep.        0.67        0.67       1.19      Beat    78
 30 2020                                                
 Jun. 30 2020  0.39        0.42       1.20      Beat    185.7​
 Mar. 31 2020  0.73        0.75       0.51      Missed  -31.5
 Dec. 31 2019  0.99        0.99       0.87      Missed  -12.4
 This summary was machine generated January 18 at 14:11 GMT.  All
figures in US dollars  unless otherwise stated