Chemung Financial Q4 EPS $0.80 Misses $1.12 Estimate
Portfolio Pulse from Benzinga Newsdesk
Chemung Financial (NASDAQ:CHMG) reported Q4 earnings of $0.80 per share, missing the consensus estimate of $1.12 by 28.57%. This represents a significant decrease of 49.37% from the $1.58 per share earned in the same quarter of the previous year.
January 25, 2024 | 9:45 pm
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NEGATIVE IMPACT
Chemung Financial's Q4 earnings per share of $0.80 significantly missed the estimated $1.12, showing a sharp decline from last year's $1.58 per share.
Missing earnings estimates by a wide margin and reporting a substantial year-over-year decline is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100