Chemung Financial Corp expected to post earnings of $1.47 a share - Earnings Preview

Chemung Financial

20/01/2023 11:30

* Chemung Financial Corp  CHMG.OQ   CHMG.O  is expected
to show a
rise in quarterly revenue when it reports  results on January 24
(estimated). 
    * The Elmira New York-based  company is expected to report 
a
9.3% increase in revenue to $24.778 million from $22.68 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 $1.47 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​, above​ its last closing price of $47.10. ​​​

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 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. 31 2021  1.24        1.26       1.38      Beat    9.5
 ​​Sep.        1.21        1.20       1.42      Beat    18.7
 30 2021                                                
 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
 This summary was machine generated January 20 at 11:30 GMT.  All
figures in US dollars  unless otherwise stated