BankUnited Inc reports results for the quarter ended in March - Earnings Summary

BankUnited

17/04/2024 14:31

* BankUnited Inc  BKU.N  reported quarterly adjusted
earnings of
64 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 70
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 60 cents per share. Wall Street expected
results to range from 45 cents to 67 cents per share.
    * Revenue fell 1.1% to $241.73 million from a year ago;
analysts
expected $239.96 million. 
    * BankUnited Inc's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $47.3
million.
    * BankUnited Inc shares had fallen by 12.6% this quarter and
lost 24.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for BankUnited Inc is
$30.00 
This summary was machine generated from LSEG data April 17 at
01:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.60           0.64           Beat
 Dec. 31 2023      0.69           0.76           Beat
 Sep. 30 2023      0.71           0.63           Missed
 Jun. 30 2023      0.78           0.78           Met