Chemung Financial Corp (CHMG) is experiencing a positive shift in earnings outlook, with analysts raising their earnings estimates significantly. For the current quarter, the company is expected to earn $1.35 per share, reflecting a 28.57% year-over-year increase. The Zacks Consensus Estimate for the full year is projected at $5.84 per share, a 17.74% increase from the prior year.
The earnings estimates have seen a notable increase of 13.21% in the last 30 days, indicating strong consensus among analysts. Chemung Financial currently holds a Zacks Rank #1 (Strong Buy), supported by two upward revisions with no negative estimates in the past month. The stock has already gained 6.3% in value over the last four weeks.
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