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

Community Financial System

25/04/2023 14:32

* Community Bank System Inc  CBU.N  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 91 cents per share.
    * Revenue fell 22.4% to $124.53 million from a year ago;
analysts
expected $153.96 million. 
    * Community Bank System Inc's reported EPS for the quarter
was 11
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Community Bank System Inc shares had fallen by 10.1% this
quarter and lost 25.0% so far this year.
    * The company reported quarterly net income of $5.8 million.
    * Wall Street's median 12-month price target for Community
Bank
System Inc is $57.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.91           0.11           Missed
 Dec. 31 2022      0.93           0.97           Beat
 Sep. 30 2022      0.90           0.90           Met
 Jun. 30 2022      0.82           0.78           Missed