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

United Bankshares

25/04/2024 16:31

* United Bankshares Inc  UBSI.OQ  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 73 cents.  The mean expectation of six analysts for the
quarter was for earnings of 65 cents per share. Wall Street
expected results to range from 64 cents to 66 cents per share.
    * Revenue fell 4.6% to $254.70 million from a year ago;
analysts
expected $257.63 million. 
    * United Bankshares Inc's reported EPS for the quarter was
64
cents​.
    * The company reported quarterly net income of $86.81
million.
    * United Bankshares Inc shares had fallen by 2.9% this
quarter and
lost 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $38.00 
This summary was machine generated from LSEG data April 25 at
03:31 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      0.65           0.64           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