Investors might want to bet on Community Financial System (CBU) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual ...

Group 1 - Community Financial System, Inc. (NYSE: CBU) is expected to see continued earnings growth driven by the reinvestment of fixed-rate loans [1] - Interest rate cuts and healthy business activity are anticipated to drive loan growth, which will subsequently enhance earnings [1] - The overall outlook suggests a positive trajectory for earnings as a result of these factors [1]

A downtrend has been apparent in Community Financial System (CBU) lately. While the stock has lost 5.8% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish ...

Community Bank System, Inc. (NYSE:CBU) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Dimitar Karaivanov - President and Chief Executive Officer Joseph Sutaris - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Breese - Stephens Inc Steve Moss - Raymond James Sharanjit Cheema - D.A. Davidson Christopher O'Connell - KBW Operator Good day and welcome to the Community Financial Systems Incorporated Third Quarter 2024 Earnings Conferen ...

Core Insights - Community Financial System (CBU) reported revenue of $189.81 million for Q3 2024, marking an 8.2% year-over-year increase [1] - The earnings per share (EPS) for the same period was $0.83, slightly up from $0.82 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $186.6 million by 1.72%, while the EPS fell short of the consensus estimate of $0.86 by 3.49% [1] Financial Metrics - Net Interest Margin stood at 3%, aligning with the average estimate from two analysts [2] - The Efficiency Ratio (GAAP) was reported at 65.7%, slightly above the average estimate of 65% [2] - Total Non-Interest Income reached $76.20 million, surpassing the estimated $73.20 million [2] - Fully tax-equivalent net interest income was $113.62 million, compared to the average estimate of $113.40 million [2] Stock Performance - Over the past month, Community Financial shares returned -0.4%, contrasting with the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [2]

Community Financial System (CBU) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.49%. A quarter ago, it was expected that this bank holding company would post earnings of $0.82 per share when it actually produced earnings of $0.95, delivering a surprise of 15.85%.Over the last four ...

Core Viewpoint - Community Financial System (CBU) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - For the fiscal year ending December 2024, Community Financial is expected to earn $3.42 per share, reflecting a 1.8% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Community Financial has increased by 6.4%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision features [9][10].

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 3: TransMedics Group, Inc. (TMDX) : This medical technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days. TransMedics' shares gained 86.0% over the last six months compared with the S&P 500's advanced of 10.9%. The company possesses a Momentum Score of A. Carnival Corporation & plc (CCL) : This leisure ...

Community Financial System, Inc. (CBU) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% the last 60 days. This Zacks Rank #1 company has a dividend yield of 3.3%, compared with the industry average of 0.0%. See the full list of top ranked stocks here. Find more top income stocks with some of our great premium screens. ...

SYRACUSE, N.Y., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Community Financial System, Inc. (NYSE: CBU) invites you to participate in a conference call to discuss the Company's financial and operating performance during its third quarter ended September 30, 2024. Event: Earnings Conference Call – Third Quarter 2024 When: Tuesday, October 22, 2024 at 11:00 a.m. Eastern Time How: By conference call or from a simultaneous web cast Access: Conference Call Dial-In: 1-833-630-0464 1-412-317-1809 – Outside the U.S. & Cana ...