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

Community Financial System

31/07/2023 14:31

* Community Bank System Inc  CBU.N  reported quarterly
adjusted
earnings of 95 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 85 cents per share.
    * Revenue rose 14.3% to $175.26 million from a year ago;
analysts
expected $176.66 million. 
    * Community Bank System Inc's reported EPS for the quarter
was 89
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Community Bank System Inc shares had risen by 12.2% this
quarter and lost 16.5% so far this year.
    * The company reported quarterly net income of $48.29
million.
    * Wall Street's median 12-month price target for Community
Bank
System Inc is $55.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
31 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.85           0.95           Beat
 Mar. 31 2023      0.91           0.86           Missed
 Dec. 31 2022      0.93           0.97           Beat
 Sep. 30 2022      0.90           0.90           Met