Univest Financial Corp reports results for the quarter ended in December - Earnings Summary

Univest Financial

24/01/2024 23:21

* Univest Financial Corp  UVSP.OQ  reported quarterly
adjusted
earnings of 56 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 82 cents.  The mean expectation of
three analysts for the quarter was for earnings of 47 cents per
share. Wall Street expected results to range from 45 cents to 49
cents per share.
    * Revenue fell 13.3% to $71.38 million from a year ago;
analysts
expected $71.25 million. 
    * Univest Financial Corp's reported EPS for the quarter was
55
cents​.
    * The company reported quarterly net income of $16.25
million.
    * Univest Financial Corp shares had fallen by 5.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 Univest Financial
Corp is $22.00 
This summary was machine generated from LSEG data January 24 at
11:20 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      0.47           0.56           Beat
 Sep. 30 2023      0.55           0.58           Beat
 Jun. 30 2023      0.57           0.62           Beat
 Mar. 31 2023      0.76           0.71           Missed