ChoiceOne Financial Services Inc reports results for the quarter ended in September 30 - Earnings Summary

ChoiceOne Financial Services

24/10/2024 03:59

* ChoiceOne Financial Services Inc  COFS.OQ  reported
quarterly
adjusted earnings of 85 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 68 cents.  The mean expectation of
two analysts for the quarter was for earnings of 74 cents per
share. 
    * Revenue was $25.12 million​; analysts expected $22.90
million. 
    * ChoiceOne Financial Services Inc's reported EPS for the
quarter
was 85 cents​.
    * The company reported quarterly net income of $7.35
million.
    * ChoiceOne Financial Services Inc shares had risen by 0.3%
this
quarter and gained 5.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.6%
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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for ChoiceOne
Financial Services Inc is $37.00 
This summary was machine generated from LSEG data October 24 at
02:59 a.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
 Sep. 30 2024      0.74           0.85           Beat
 Jun. 30 2024      0.76           0.87           Beat
 Mar. 31 2024      0.59           0.74           Beat
 Dec. 31 2023      0.64           0.70           Beat