Chemung Financial Q2 EPS $1.33 Beats $1.21 Estimate
Portfolio Pulse from Benzinga Newsdesk
Chemung Financial (NASDAQ:CHMG) reported Q2 earnings of $1.33 per share, beating the analyst consensus estimate of $1.21 by 9.92 percent. However, this is a 22.67 percent decrease from the same period last year.
July 20, 2023 | 8:27 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Chemung Financial's Q2 earnings surpassed estimates but are lower than last year's earnings.
Chemung Financial's earnings beat the estimates, which is a positive sign. However, the YoY decrease in earnings might concern some investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100