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Buy the Best Highly-Ranked Stocks this Earnings Season
ZACKSยท 2025-07-15 21:11
Group 1 - JPMorgan Chase exceeded earnings estimates, indicating a strong overall earnings outlook as Wall Street begins the second quarter reporting season [1] - The stock market has reached all-time highs, with investors showing resilience despite the new tariff war [1] - Bitcoin has also seen a resurgence, reaching new peaks in mid-July as Wall Street re-engages with riskier assets [1] Group 2 - Investors are encouraged to utilize a screening method to identify top Zacks Rank 1 (Strong Buy) stocks, which historically outperform the market [2][7] - There are over 200 stocks that hold a Zacks Rank 1 at any time, necessitating the use of filters to narrow down the list for better trading opportunities [2] Group 3 - The screening parameters include a Zacks Rank of 1, positive current quarter estimate revisions, and top broker rating changes over the last four weeks [3][4][5][6] - Chemung Financial Corporation (CHMG) is highlighted as a promising under-the-radar financial services stock, operating primarily through its subsidiary, Chemung Canal Trust Company [6][8] Group 4 - Chemung Financial has shown significant revenue growth, with projections of a 14% sales increase this year and 12% next year, leading to adjusted earnings growth of 18% and 22% respectively [9] - The stock has appreciated 110% over the past five years, outperforming the Finance Sector's 90% growth, and is poised for a potential breakout from a trading range [11]
Chemung Financial (CHMG) to Report Q2 Results: Wall Street Expects Earnings Growth
ZACKSยท 2025-07-10 15:01
Company Overview - Chemung Financial (CHMG) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended June 2025, with a consensus EPS estimate of $1.31, reflecting a +24.8% change [1][3] - Revenues are anticipated to reach $26.7 million, which is a 14.3% increase from the same quarter last year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 14.29% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for Chemung Financial matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12] Earnings Surprise Potential - Chemung Financial has a Zacks Rank of 1 (Strong Buy), but the combination of a 0% Earnings ESP makes it challenging to predict an earnings beat [12] - Historically, Chemung Financial has beaten consensus EPS estimates three out of the last four quarters, with a recent surprise of +3.28% [13][14] Industry Context - In the Zacks Banks - Southeast industry, Hancock Whitney (HWC) is expected to post earnings of $1.34 per share, indicating a +2.3% year-over-year change, with revenues projected at $371.26 million, up 3.2% [18][19] - Hancock Whitney has a positive Earnings ESP of +3.42% and a Zacks Rank of 2 (Buy), suggesting a strong likelihood of beating the consensus EPS estimate [19]
Earnings Estimates Rising for Chemung Financial (CHMG): Will It Gain?
ZACKSยท 2025-07-02 17:20
Core Insights - Chemung Financial (CHMG) is showing a significantly improving earnings outlook, making it a solid choice for investors [1] - Analysts are increasingly optimistic about the company's earnings prospects, leading to higher earnings estimates which are expected to positively impact the stock price [2] Earnings Estimates - The current quarter's earnings estimate for Chemung Financial is projected at $1.35 per share, reflecting a year-over-year increase of +28.57% [6] - For the full year, the earnings estimate is expected to be $5.84 per share, indicating a change of +17.74% from the previous year [7] - Over the past month, there has been a positive trend in estimate revisions, with two estimates moving up and no negative revisions [7] Zacks Rank - Chemung Financial has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable indicator for investors [8] - Stocks with a Zacks Rank 1 and 2 (Buy) have historically outperformed the S&P 500 [8] Stock Performance - The stock has gained 6.3% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9]
Chemung Financial (CHMG) Could Be a Great Choice
ZACKSยท 2025-06-13 16:51
Company Overview - Chemung Financial (CHMG) is a financial holding company based in Elmira, operating in the Finance sector with a year-to-date share price change of -0.84% [3] - The company currently pays a dividend of $0.32 per share, resulting in a dividend yield of 2.64%, which is higher than the Banks - Southeast industry's yield of 2.42% and the S&P 500's yield of 1.54% [3] Dividend Performance - Chemung Financial's annualized dividend of $1.28 has increased by 3.2% compared to the previous year [4] - Over the last five years, the company has raised its dividend twice on a year-over-year basis, achieving an average annual increase of 3.63% [4] - The current payout ratio stands at 27%, indicating that the company distributes 27% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2025, the Zacks Consensus Estimate projects earnings of $5.69 per share, reflecting an expected increase of 14.72% from the previous year [5] Investment Appeal - Chemung Financial is characterized as an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]
Best Value Stock to Buy for June 13th
ZACKSยท 2025-06-13 12:00
Core Viewpoint - Chemung Financial Corp (CHMG) is highlighted as a strong investment opportunity with a Zacks Rank 1 (Strong Buy) and a 1.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1]. Financial Metrics - Chemung Financial has a price-to-earnings ratio (P/E) of 8.85, which is lower than the industry average of 10.80, indicating strong value characteristics [2]. - The company holds a Value Score of B, further emphasizing its attractiveness to value-focused investors [2].
Best Income Stock to Buy for June 13th
ZACKSยท 2025-06-13 11:51
Core Viewpoint - Chemung Financial Corp (CHMG) is highlighted as a strong investment opportunity due to its robust income characteristics and a recent increase in earnings estimates [1]. Company Summary - Chemung Financial Corp is a bank holding company engaged in full-service commercial and consumer banking as well as trust business [1]. - The Zacks Consensus Estimate for Chemung Financial's current year earnings has increased by 1.1% over the last 60 days [1]. - The company holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence [1]. - Chemung Financial offers a dividend yield of 2.6%, which is higher than the industry average of 2.4% [1].
Chemung Financial (CHMG) - 2025 FY - Earnings Call Transcript
2025-06-03 19:00
Financial Data and Key Metrics Changes - The company reported strong results for FY 2024, which were included in the annual meeting documents [4] - The meeting discussed the approval of the compensation of named executive officers and the 2025 equity incentive plan [14] Business Line Data and Key Metrics Changes - No specific data on individual business lines was provided during the meeting [20] Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting [20] Company Strategy and Development Direction and Industry Competition - The company is focused on continued engagement and growth in 2025, indicating a strategic direction towards expansion and shareholder value [5] Management Comments on Operating Environment and Future Outlook - Management expressed pride in the company's results for 2024 and emphasized the importance of shareholder support [4][5] - No specific comments on the operating environment or future outlook were provided during the meeting [20] Other Important Information - The meeting included the election of four directors for a three-year term and the ratification of the independent registered public accounting firm for FY 2025 [8][19] Q&A Session Summary - No questions were posed during the Q&A session [20]
Is Chemung Financial Corp (CHMG) a Great Value Stock Right Now?
ZACKSยท 2025-05-28 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics a ...
Why Chemung Financial (CHMG) is a Great Dividend Stock Right Now
ZACKSยท 2025-05-12 16:50
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric tha ...
Chemung Financial (CHMG) - 2025 Q1 - Quarterly Report
2025-05-07 14:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q CHEMUNG FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | New York | 16-1237038 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | One Chemung Canal Plaza, Elmira, NY | 14901 | | (Address of principal executive offices) | (Zip Code) | | (607) 737-3711 or (800) 836-3711 | | | (Registrant's telephone number, including area code) ...