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

Univest Financial

26/07/2023 23:40

* Univest Financial Corp  UVSP.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 57 cents per share.
    * Revenue rose 5.2% to $74.16 million from a year ago;
analysts
expected $75.90 million. 
    * Univest Financial Corp's reported EPS for the quarter was
57
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Univest Financial Corp shares had risen by 9.1% this
quarter and
lost 24.5% so far this year.
    * The company reported quarterly net income of $16.8
million.
    * Wall Street's median 12-month price target for Univest
Financial
Corp is $22.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.57           0.62           Beat
 Mar. 31 2023      0.76           0.71           Missed
 Dec. 31 2022      0.74           0.82           Beat
 Sep. 30 2022      0.67           0.71           Beat