Can Chemical Financial Corporation (NASDAQ:CHFC) Beat $0.74 Per Share?

Research analysts are predicting that Chemical Financial Corporation (NASDAQ:CHFC) will report earnings of $0.74 per share when the firm issues their quarterly report today.  This is the consensus earnings per share number according to data from Zack’s Research. 

In the most recent quarter Chemical Financial Corporation (NASDAQ:CHFC) reported a surprise factor of 1.43%. The actual number was $0.01 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.

Research analysts covering shares of Chemical Financial Corporation (NASDAQ:CHFC) are anticipating on a consensus basis that the stock will reach $54.5 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $59 target on the stock. On the other end, the most conservative has a short term target of $45. This is based on the 6 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-07-07.

Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Chemical Financial Corporation (NASDAQ:CHFC) currently has an ABR of 1.71 heading into today’s announcement. This number is also based on the 6 sell-side firms polled by Zacks.

Investors might be looking to sharpen the gaze and focus on recent market action. As we move into the second part of the year, everyone will be watching to see which way the stock market momentum shifts. Many believe that the bulls are still charging while others feel like the bears may be waiting in the wings.  There are various schools of thought when it comes to trading stocks. Investors may have to first asses their appetite for risk in order to start creating a solid investment plan. 

This article is informational purposes only and should not be considered a recommendation to buy or sell Chemical Financial Corporation. 

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