United Bankshares Inc reports results for the quarter ended in December - Earnings Summary

United Bankshares

26/01/2024 13:56

* United Bankshares Inc  UBSI.OQ  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 74 cents.  The mean expectation of
six analysts for the quarter was for earnings of 66 cents per
share. Wall Street expected results to range from 57 cents to 69
cents per share.
    * Revenue fell 6% to $263.37 million from a year ago;
analysts
expected $259.09 million. 
    * United Bankshares Inc's reported EPS for the quarter was
59
cents​.
    * The company reported quarterly net income of $79.39
million.
    * United Bankshares Inc shares had fallen by 1.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 1 "strong buy" or "buy," 5
"hold" and no "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 United Bankshares
Inc is $36.00 
This summary was machine generated from LSEG data January 26 at
01:56 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
 Dec. 31 2023      0.66           0.59           Missed
 Sep. 30 2023      0.65           0.71           Beat
 Jun. 30 2023      0.66           0.68           Beat
 Mar. 31 2023      0.74           0.73           Missed