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

Chemung Financial

20/04/2023 21:52

* Chemung Financial Corp  CHMG.OQ  reported quarterly
adjusted
earnings of $1.54​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of $1.37 per share.
    * Revenue rose 9.7% to $25.37 million from a year ago;
analysts
expected $24.95 million. 
    * Chemung Financial Corp's reported EPS for the quarter was
$1.54​.
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Chemung Financial Corp shares had fallen by 0.8% this
quarter and lost 10.3% so far this year.
    * The company reported quarterly net income of $7.27
million.
    * Wall Street's median 12-month price target for Chemung
Financial
Corp is $49.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 20 at 08:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.37           1.54           Beat
 Dec. 31 2022      1.47           1.58           Beat
 Sep. 30 2022      1.35           1.37           Beat
 Jun. 30 2022      1.19           1.71           Beat