Chemung Financial Corp reports results for the quarter ended March 31 - Earnings Summary

Chemung Financial

18/04/2025 21:08

Chemung Financial Corp CHMG.OQ reported quarterly adjusted earnings of $1.26​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.48.  The mean expectation of three analysts for the quarter was for earnings of $1.20 per share. Wall Street expected results to range from $1.15  to $1.25 per share.

Revenue rose 12.5% to $25.71 million from a year ago; analysts expected $25.90 million.

Chemung Financial Corp's reported EPS for the quarter was $1.26​.

The company reported quarterly net income of $6.02 million.

Chemung Financial Corp shares had fallen by 11.0% this quarter and lost 13.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 2.3% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

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." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Chemung Financial Corp is $58.00

This summary was machine generated from LSEG data April 18 at 08:08 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
Mar. 31 2025
1.20
1.26
Beat
Dec. 31 2024
1.21
1.24
Beat
Sep. 30 2024
1.13
1.19
Beat
Jun. 30 2024
1.12
1.05
Missed