* CNB Financial Corp reported quarterly adjusted earnings of 61 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of two analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 56 cents to 57 cents per share.
* Revenue fell 37.1% to $47.49 million from a year ago; analysts expected $46.56 million.
* CNB Financial Corp's reported EPS for the quarter was 61 cents.
* The company reported quarterly net income of $12.88 million.
* CNB Financial Corp shares had risen by 2.7% this quarter and gained 9.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for CNB Financial Corp is 26.50 This summary was machine generated from LSEG data October 21 at 09:37 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.57 0.61 Beat
Jun. 30 2024 0.51 0.56 Beat
Mar. 31 2024 0.50 0.55 Beat
Dec. 31 2023 0.54 0.62 Beat
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