Community Bank System, Inc. (NYSE:CBU) is scheduled to report Q4 earnings results before the NYSE opens on Wednesday, January 22, 2020. The conference call details can be found in this press release.
The company is expected to report earnings of $0.82/share on revenue of $150.5 million. The consensus earnings per share (EPS) of $0.82/share is based on a poll of 6 analysts and represents a growth of 5.2% over the same quarter last year when the company reported earnings of $0.78/share.
The revenue forecast of $150.5 million based on a poll of 3 analysts implies a year-over-year (YoY) growth of 6.3%. Last year the company reported $141.6 million in revenue for the quarter.
| Metric | Expected | Prior Year | YoY Change |
|---|---|---|---|
| Revenue | $150.48 | $141.60 | 6.3% |
| EPS | $0.82 | $0.78 | 5.2% |
Earnings Call Trends
Historically, management has exceeded analyst expectations 5 out of the last 8 tracked quarters, missed 2 quarters, and met expectations 1 quarter.
What are your expectations from the Community Bank System for earnings this quarter? Let us know in the comments!
| Quarter | Expected | Reported | Surprise | Result |
|---|---|---|---|---|
| Q3, 2019 | $0.81 | $0.84 | 3.7% | Beat |
| Q2, 2019 | $0.80 | $0.80 | 0.0% | Meet |
| Q1, 2019 | $0.76 | $0.81 | 6.6% | Beat |
| Q4, 2018 | $0.80 | $0.78 | -2.0% | Missed |
| Q3, 2018 | $0.78 | $0.82 | 5.3% | Beat |
| Q2, 2018 | $0.81 | $0.86 | 6.2% | Beat |
| Q1, 2018 | $0.73 | $0.78 | 6.8% | Beat |
| Q4, 2017 | $0.69 | $0.66 | -3.6% | Missed |
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report.
After the last earnings report for the period ending September 30, 2019, the stock price reacted by increasing by 4.3%.
| Report Date | Price Day Prior | Price Next Day | Change % | Result |
|---|---|---|---|---|
| 2019-10-21 | $63.86 | $66.61 | 4.3% | Increase |
| 2019-07-22 | $64.42 | $64.79 | 0.6% | Increase |
| 2019-04-22 | $62.38 | $64.85 | 4.0% | Increase |
| 2019-01-23 | $63.29 | $60.13 | -5.0% | Decline |
Fundamentals And Technical Analysis
Community Bank System is currently trading at $70.90/share, down -0.6% for the day. The company is trading at approximately 97.6% of its 52-week high of $72.63/share. The company’s stock price is up 6.4% since the last earnings report and down -0.6% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 60.55 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
Source: Finbox The current share price implies a price-to-earnings (P/E) multiple of 22.1x and a forward P/E multiple of 21.7x.
Community Bank System’s current share price also implies a price-to-book (P/B) multiple of 2.0x. The following table summarizes some other key fundamental ratios:
| Metric | Value |
|---|---|
| Last Fiscal Period | FY2019.Q3 |
| Period End Date | September 30, 2019 |
| Stock Price (Current) | $70.90 |
| P/E Ratio | 22.1x |
| P/E Ratio (Fwd) | 21.7x |
| PEG Ratio | 7.3 |
| Total Debt to Capital (%) | 9.2% |
| Levered Free Cash Flow | $173.8 million |
| Market Capitalization | $3.687 billion |
Source: Finbox
Company Profile: Community Bank System, Inc.
Community Bank System, Inc. is a mid-cap stock with a market capitalization of $3.687 billion. The company operates in the Financial sector and the Banks industry.
Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other.
The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits. It also provides loans comprising consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and lines of credit for consumers; and home equity products.
In addition, the company offers broker-dealer and investment advisory services; and asset management services to individuals, corporations, corporate pension, and profit-sharing plans, and foundations, as well as operates as a full-service insurance agency that offers personal and commercial property insurance, and other risk management products and services.
Further, it offers contribution plan administration services, actuarial and benefits consulting services, and collective investment fund administration and institutional trust services, as well as employee benefit trust, retirement plan administration, VEBA/HRA, and health and welfare consulting services.
Additionally, the company provides wealth management, higher educational planning, fiduciary, risk management, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and advisory products, as well as transfer agency and master recordkeeping services.
As of December 31, 2018, it had 224 branches in Upstate New York, as well as Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.
