CB Financial Services Inc reports results for the quarter ended June 30 - Earnings Summary

• CB Financial Services Inc CBFV reported quarterly adjusted earnings of 74 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of three analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 33 cents to 47 cents per share.

• Revenue rose 10.8% to $13.47 million from a year ago; analysts expected $12.79 million.

• CB Financial Services Inc's reported EPS for the quarter was 74 cents​.

• The company reported quarterly net income of $3.95 million.

• CB Financial Services Inc shares had fallen by 0.4% this quarter and lost 0.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for CB Financial Services Inc is $31.00, about 8.4% above its last closing price of $28.40

This summary was machine generated from LSEG data July 22 at 09:04 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)