Chemung Financial (CHMG) Tops Q4 Earnings and Revenue Estimates

Group 1 - Chemung Financial reported quarterly earnings of $1.24 per share, exceeding the Zacks Consensus Estimate of$ 1.23 per share, and up from $0.81 per share a year ago, representing an earnings surprise of 0.81% [1] - The company posted revenues of$ 25.88 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.34%, compared to $23.77 million in the same quarter last year [2] - Over the last four quarters, Chemung Financial has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2 - The stock has underperformed the market, losing about 4.3% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the coming quarter is$ 1.19 on revenues of $25.22 million, and for the current fiscal year, it is$ 5.25 on revenues of $105.31 million [7] Group 3 - The Zacks Industry Rank for Banks - Southeast is currently in the top 15% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]