Chemung Financial Corp expected to post earnings of $1.37 a share - Earnings Preview

Chemung Financial

17/04/2023 12:29

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 19
(estimated). 
    * The Elmira New York-based  company is expected to report 
a
7.9% increase in revenue to $24.953 million from $23.12 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 $1.37 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 $49​, above​ its last closing price of $41.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  1.24        1.23       1.46      Beat    19.1
 ​​Dec.        1.24        1.26       1.38      Beat    9.5
 31 2021                                                
 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
 This summary was machine generated April 17 at 11:29 GMT.  All
figures in US dollars  unless otherwise stated