Community Bank (CBU) Q2 Earnings: What To Expect
Regional banking company Community Financial System (NYSE:CBU) will be reporting results this Tuesday before market hours. Here’s what to look for.
Community Bank missed analysts’ revenue expectations last quarter, reporting revenues of $214 million, up 9.2% year on year. It was a slower quarter for the company, with a miss of analysts’ tangible book value per share estimates and EPS in line with analysts’ estimates.
Is Community Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Community Bank’s revenue to grow 11% year on year, improving from the 8.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Community Bank has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Community Bank’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. OFG Bancorp delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 3.9%, and Hilltop Holdings reported revenues up 7.5%, topping estimates by 3.4%. OFG Bancorp traded up 4.2% following the results while Hilltop Holdings was also up 3%.
Read our full analysis of OFG Bancorp’s results here and Hilltop Holdings’s results here.
Investors in the regional banks segment have had steady hands going into earnings, with share prices flat over the last month. Community Bank’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $69.17 (compared to the current share price of $67.24).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.