Community Bank System Inc reports results for the quarter ended in December - Earnings Summary

Community Financial System

23/01/2024 14:31

* Community Bank System Inc  CBU.N  reported quarterly
adjusted
earnings of 76 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 97 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 84 cents per
share. Wall Street expected results to range from 81 cents to 87
cents per share.
    * Revenue rose 21.7% to $214.10 million from a year ago;
analysts
expected $175.00 million. 
    * Community Bank System Inc's reported EPS for the quarter
was 71
cents​.
    * The company reported quarterly net income of $38.29
million.
    * Community Bank System Inc shares had fallen by 2.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Community Bank
System Inc is $49.00 
This summary was machine generated from LSEG data January 23 at
02:31 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
 Dec. 31 2023      0.84           0.76           Missed
 Sep. 30 2023      0.88           0.82           Missed
 Jun. 30 2023      0.85           0.91           Beat
 Mar. 31 2023      0.91           0.86           Missed