Chemung Financial (CHMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Chemung Financial (CHMG) reported revenue of $25.83 million, up 7.5% over the same period last year. EPS came in at $1.21, compared to $1.37 in the year-ago quarter.
The reported revenue represents a surprise of +8.76% over the Zacks Consensus Estimate of $23.75 million. With the consensus EPS estimate being $1.18, the EPS surprise was +2.54%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chemung Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 2.7% versus 2.8% estimated by two analysts on average.
Efficiency Ratio: 60.7% versus 67.6% estimated by two analysts on average.
Total Other Operating Income: $3.11 million versus the two-analyst average estimate of $3.85 million.
Net Interest Income: $18.02 million versus $18.04 million estimated by two analysts on average.
View all Key Company Metrics for Chemung Financial here>>>
Shares of Chemung Financial have returned +0.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Chemung Financial Corp (CHMG) : Free Stock Analysis Report
