Chemu
Chemung Monetary (CHMG) got here out with quarterly earnings of $0.87 per share, lacking the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.09 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -13%. 1 / 4 in the past, it was anticipated that this monetary holding firm would put up earnings of $0.29 per share when it truly produced earnings of $0.40, delivering a shock of 37.93%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Chemung Monetary, which belongs to the Zacks Banks – Southeast business, posted revenues of $20.31 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 0.53%. This compares to year-ago revenues of $20.38 million. The corporate has not been in a position to beat consensus income estimates during the last 4 quarters.
The sustainability of…