Chemung Financial Future Growth

Future criteria checks 1/6

Chemung Financial is forecast to grow earnings and revenue by 10.5% and 8.2% per annum respectively. EPS is expected to grow by 10.3% per annum. Return on equity is forecast to be 11.4% in 3 years.

Key information

10.5%

Earnings growth rate

10.3%

EPS growth rate

Banks earnings growth	9.9%
Revenue growth rate	8.2%
Future return on equity	11.4%
Analyst coverage	Low
Last updated	01 Oct 2024

Recent future growth updates

Chemung Financial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Jul 24

Recent updates

We think Chemung Financial Corporation's (NASDAQ:CHMG) CEO May Struggle To See Much Of A Pay Rise This Year

May 29

Chemung Financial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Jul 24

Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31

Jun 06

Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31

May 23

Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31

Dec 09

Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31

Sep 07

Chemung Financial (NASDAQ:CHMG) Is Paying Out A Dividend Of $0.31

Aug 21

Chemung Financial declares $0.31 dividend

Aug 17

Chemung Financial GAAP EPS of $1.72, revenue of $24.7M

Jul 21

Chemung Financial's (NASDAQ:CHMG) Dividend Will Be US$0.31

Jun 09

Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of US$0.31

May 22

Shareholders May Not Be So Generous With Chemung Financial Corporation's (NASDAQ:CHMG) CEO Compensation And Here's Why

Jun 02

Is It Worth Buying Chemung Financial Corporation (NASDAQ:CHMG) For Its 2.4% Dividend Yield?

Apr 29

Why You Might Be Interested In Chemung Financial Corporation (NASDAQ:CHMG) For Its Upcoming Dividend

Mar 12

Does Chemung Financial (NASDAQ:CHMG) Deserve A Spot On Your Watchlist?

Mar 09

Earnings and Revenue Growth Forecasts

NasdaqGS:CHMG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	119	34	N/A	N/A	1
12/31/2025	106	25	N/A	N/A	1
12/31/2024	96	23	N/A	N/A	1
3/31/2024	96	25	28	28	N/A
12/31/2023	96	25	30	31	N/A
9/30/2023	99	29	29	30	N/A
6/30/2023	97	27	34	35	N/A
3/31/2023	98	29	39	40	N/A
12/31/2022	96	29	35	35	N/A
9/30/2022	94	28	41	42	N/A
6/30/2022	93	28	36	36	N/A
3/31/2022	91	27	33	33	N/A
12/31/2021	89	26	35	35	N/A
9/30/2021	89	25	35	35	N/A
6/30/2021	87	24	31	32	N/A
3/31/2021	85	23	30	31	N/A
12/31/2020	80	19	28	29	N/A
9/30/2020	78	18	23	25	N/A
6/30/2020	73	14	26	27	N/A
3/31/2020	72	14	25	25	N/A
12/31/2019	75	16	26	26	N/A
9/30/2019	75	17	29	29	N/A
6/30/2019	81	22	30	31	N/A
3/31/2019	80	20	27	28	N/A
12/31/2018	80	20	26	28	N/A
9/30/2018	74	12	25	27	N/A
6/30/2018	70	8	23	25	N/A
3/31/2018	70	9	23	24	N/A
12/31/2017	68	7	N/A	24	N/A
9/30/2017	72	13	N/A	19	N/A
6/30/2017	71	12	N/A	20	N/A
3/31/2017	70	10	N/A	23	N/A
12/31/2016	71	10	N/A	22	N/A
9/30/2016	71	9	N/A	24	N/A
6/30/2016	70	9	N/A	21	N/A
3/31/2016	70	10	N/A	17	N/A
12/31/2015	70	9	N/A	14	N/A
9/30/2015	75	12	N/A	16	N/A
6/30/2015	74	9	N/A	15	N/A
3/31/2015	73	8	N/A	19	N/A
12/31/2014	72	8	N/A	18	N/A
9/30/2014	65	5	N/A	20	N/A
6/30/2014	64	8	N/A	19	N/A
3/31/2014	63	8	N/A	22	N/A
12/31/2013	61	9	N/A	23	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHMG's forecast earnings growth (10.5% per year) is above the savings rate (2.5%).

Earnings vs Market: CHMG's earnings (10.5% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: CHMG's earnings are forecast to grow, but not significantly.

Revenue vs Market: CHMG's revenue (8.2% per year) is forecast to grow slower than the US market (8.7% per year).

High Growth Revenue: CHMG's revenue (8.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CHMG's Return on Equity is forecast to be low in 3 years time (11.4%).

Chemung Financial Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 11% to US$53.25

Price target increased by 11% to US$48.00

Chemung Financial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Price target decreased by 8.6% to US$46.00

Price target increased by 9.6% to US$53.33

Consensus forecasts updated

Recent updates

Upcoming dividend of US$0.31 per share

First quarter dividend of US$0.31 announced

Chemung Financial Corporation Announces Quarterly Dividend, Payable on October 1, 2024

Price target increased by 11% to US$53.25

Upcoming dividend of US$0.31 per share

We think Chemung Financial Corporation's (NASDAQ:CHMG) CEO May Struggle To See Much Of A Pay Rise This Year

First quarter dividend of US$0.31 announced

Chemung Financial Corporation Approves Quarterly Cash Dividend, Payable on July 1, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

Chemung Financial Corporation, Annual General Meeting, Jun 04, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.31 per share

Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31

Fourth quarter dividend of US$0.31 announced

Chemung Financial Corporation Approves Quarterly Cash Dividend, Payable on April 1, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 11% to US$48.00

Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31

Upcoming dividend of US$0.31 per share at 2.6% yield

Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31

Chemung Financial Corporation Approves Quarterly Cash Dividend, Payable on January 2, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Chemung Financial Corporation Reports Net Charge Offs for the Third Quarter Ended September 30, 2023

Upcoming dividend of US$0.31 per share at 3.2% yield

Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31

Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31

Chemung Financial Corporation Announces Quarterly Cash Dividend, Payable on October 2, 2023

Chemung Financial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Chemung Financial Corporation Announces net Charge Off for the Three Months Ended June 30, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.31 per share at 3.2% yield

Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31

Chemung Canal Trust Company Announces Chief Financial Officer Changes

Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31

Chemung Financial Corporation Approves Quarterly Cash Dividend, Payable on July 3, 2023

Insider recently bought US$97k worth of stock

Price target decreased by 8.6% to US$46.00

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.31 per share at 2.5% yield

Chemung Financial Corporation Announces Quarterly Dividend, Payable on April 3, 2023

Independent Director recently sold US$52k worth of stock

Price target increased by 9.6% to US$53.33

Chemung Financial Corporation Reports Consolidated Unaudited Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.31 per share

Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31

Chemung Financial Corporation Announces Quarterly Dividend, Payable on January 3, 2023

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.31 per share

Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31

Chemung Financial Corporation and Chemung Canal Trust Company Elects Joseph F. Meade IV as Director

Chemung Financial (NASDAQ:CHMG) Is Paying Out A Dividend Of $0.31

Chemung Financial Corporation Announces Quarterly Cash Dividend, Payable on October 3, 2022

Chemung Financial declares $0.31 dividend

Consensus forecasts updated

Independent Director recently sold US$112k worth of stock

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Chemung Financial GAAP EPS of $1.72, revenue of $24.7M

Insider recently sold US$77k worth of stock

Upcoming dividend of US$0.31 per share

Chemung Financial's (NASDAQ:CHMG) Dividend Will Be US$0.31

Chemung Financial Corporation, Annual General Meeting, Jun 07, 2022

Chemung Financial Corporation, Annual General Meeting, Jun 07, 2022

Insider recently sold US$52k worth of stock

Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of US$0.31

Chemung Financial Corporation Announces Quarterly Dividend, Payable on July 1, 2022

First quarter 2022 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.31 per share