Chemung Financial (US:CHMG) ZACKSยท2025-01-16 16:06Core Viewpoint - Chemung Financial (CHMG) is expected to report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with a consensus outlook indicating a potential impact on its stock price based on actual results compared to estimates [1][2]. Financial Performance Expectations - The consensus EPS estimate for Chemung Financial is $1.23 per share, reflecting a year-over-year increase of +51.9% [3]. - Expected revenues for the quarter are $25.04 million, which is a 5.3% increase from the same quarter last year [3]. Estimate Revisions and Predictions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Chemung Financial is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.22%, suggesting a bullish outlook from analysts [10]. Historical Performance and Trends - In the last reported quarter, Chemung Financial exceeded the expected earnings of $1.11 per share by delivering $1.19, resulting in a surprise of +7.21% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Comparative Industry Insights - Another company in the Zacks Banks - Southeast industry, Cadence (CADE), is expected to report earnings of $0.68 per share for the same quarter, indicating a year-over-year change of +70% [17]. - Cadence's expected revenues are $457.2 million, showing a significant increase of 1875% from the previous year [17]. - Despite a recent downward revision of 0.4% in Cadence's EPS estimate, it has an Earnings ESP of -4.13%, making it challenging to predict a beat on the consensus EPS estimate [18].