Chemung Financial Q2 EPS $1.05 Misses $1.12 Estimate
Portfolio Pulse from Benzinga Newsdesk
Chemung Financial (NASDAQ:CHMG) reported Q2 earnings per share (EPS) of $1.05, missing the analyst consensus estimate of $1.12 by 6.25%. This represents a 21.05% decrease from the $1.33 EPS reported in the same period last year.
July 18, 2024 | 8:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Chemung Financial reported Q2 EPS of $1.05, missing the analyst estimate of $1.12 by 6.25%. This is a significant decrease of 21.05% from the same period last year, indicating potential short-term negative impact on the stock price.
The reported EPS of $1.05 is below the analyst consensus estimate of $1.12, which is likely to disappoint investors. Additionally, the 21.05% year-over-year decrease in EPS suggests a decline in the company's profitability, further contributing to a negative short-term outlook for the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100