BankUnited Inc reports results for the quarter ended in September 30 - Earnings Summary

BankUnited

22/10/2024 14:41

* BankUnited Inc  BKU.N  reported quarterly adjusted
earnings of
81 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 63 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 74 cents per share. Wall Street
expected results to range from 68 cents to 80 cents per share.
    * Revenue rose 32.4% to $257.02 million from a year ago;
analysts
expected $260.90 million. 
    * BankUnited Inc's reported EPS for the quarter was 81
cents​.
    * The company reported quarterly net income of $60.6
million.
    * BankUnited Inc shares had fallen by 3.6% this quarter and
gained 8.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, five 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," 8
"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
39.00 
This summary was machine generated from LSEG data October 22 at
01:41 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
 Jun. 30 2024      0.74           0.81           Beat
 Jun. 30 2024      0.65                          
 Mar. 31 2024      0.60                          
 Dec. 31 2023      0.69           0.76           Beat