Chemung Financial Corp reports results for the quarter ended in December - Earnings Summary

Chemung Financial

25/01/2024 22:25

* Chemung Financial Corp  CHMG.OQ  reported quarterly
adjusted
earnings of 81 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.58.  The mean expectation of
three analysts for the quarter was for earnings of $1.12 per
share. Wall Street expected results to range from $1.02 
to $1.19 per share.
    * Revenue fell 5.7% to $23.77 million from a year ago;
analysts
expected $23.25 million. 
    * Chemung Financial Corp's reported EPS for the quarter was
80
cents​.
    * The company reported quarterly net income of $3.8 million.
    * Chemung Financial Corp shares had fallen by 0.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Chemung
Financial
Corp is $48.00 

This summary was machine generated from LSEG data January 25 at
10:25 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.12           0.81           Missed
 Sep. 30 2023      1.13           1.61           Beat
 Jun. 30 2023      1.21           1.33           Beat
 Mar. 31 2023      1.37           1.54           Beat