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

Community Financial System

23/04/2024 17:47

* Community Bank System Inc  CBU.N  reported quarterly
adjusted
earnings of 76 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 86 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 78 cents per share. Wall Street
expected results to range from 72 cents to 84 cents per share.
    * Revenue rose 42.4% to $177.28 million from a year ago;
analysts
expected $176.83 million. 
    * Community Bank System Inc's reported EPS for the quarter
was 76
cents​.
    * The company reported quarterly net income of $40.87
million.
    * Community Bank System Inc shares had fallen by 7.5% this
quarter and lost 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $54.00 
This summary was machine generated from LSEG data April 23 at
04:47 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
 Mar. 31 2024      0.78           0.76           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