Citizens Financial Services Inc reports results for the quarter ended in June - Earnings Summary

Citizens Financial Services

31/07/2024 24:15

* Citizens Financial Services Inc  CZFS.OQ  reported
quarterly
adjusted earnings of $1.30​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of $1.51.  The lone analyst forecast for the
quarter was for earnings of $1.32 per share. 
    * Revenue rose 18.9% to $21.30 million from a year ago;
analysts
expected $21.80 million. 
    * Citizens Financial Services Inc's reported EPS for the
quarter
was $1.11​.
    * The company reported quarterly net income of $5.28
million.
    * Citizens Financial Services Inc shares had risen by 19.9%
this
quarter and lost 15.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "strong buy"

Wall Street's median 12-month price target for Citizens
Financial Services Inc is $52.48 
This summary was machine generated from LSEG data July 30 at
11:15 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
 Jun. 30 2024      1.32           1.30           Missed
 Mar. 31 2024      1.53           1.33           Missed
 Dec. 31 2023      1.60           1.58           Missed
 Sep. 30 2023      1.55           1.65           Beat