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

Chemung Financial

21/10/2022 02:12

* Chemung Financial Corp  CHMG.OQ  reported quarterly
adjusted
earnings of $1.37​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of $1.35 per share.
    * Revenue rose 5.4% to $24.03 million from a year ago;
analysts
expected $23.70 million. 
    * Chemung Financial Corp's reported EPS for the quarter was
$1.37​.
    * The mean earnings estimate of analysts had risen by
about 7.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Chemung Financial Corp shares had risen by 3.2% this
quarter and
lost 7.0% so far this year.
    * The company reported quarterly net income of $6.45
million.
    * Wall Street's median 12-month price target for Chemung
Financial
Corp is $50.00 
    * 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 Refinitiv data October
21 at 01:12 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.35           1.37           Beat
 Jun. 30 2022      1.19           1.71           Beat
 Mar. 31 2022      1.23           1.46           Beat
 Dec. 31 2021      1.26           1.38           Beat