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

United Bankshares

27/07/2023 15:36

* United Bankshares Inc  UBSI.OQ  reported quarterly
adjusted
earnings of 68 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 66 cents per share.
    * Revenue rose 2% to $263.78 million from a year ago;
analysts
expected $260.68 million. 
    * United Bankshares Inc's reported EPS for the quarter was
68
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * United Bankshares Inc shares had risen by 11.9% this
quarter and
lost 18.0% so far this year.
    * The company reported quarterly net income of $92.46
million.
    * Wall Street's median 12-month price target for United
Bankshares
Inc is $33.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 02:36 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.66           0.68           Beat
 Mar. 31 2023      0.74           0.73           Missed
 Dec. 31 2022      0.78           0.74           Missed
 Sep. 30 2022      0.66           0.76           Beat