Univest Financial Corp reports results for the quarter ended in September 30 - Earnings Summary

Univest Financial

24/10/2024 04:09

* Univest Financial Corp  UVSP.OQ  reported quarterly
adjusted
earnings of 63 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 58 cents.  The mean expectation of
three analysts for the quarter was for earnings of 54 cents per
share. Wall Street expected results to range from 53 cents to 56
cents per share.
    * Revenue rose 1.5% to $73.35 million from a year ago;
analysts
expected $73.20 million. 
    * Univest Financial Corp's reported EPS for the quarter was
63
cents​.
    * The company reported quarterly net income of $18.58
million.
    * Univest Financial Corp shares had fallen by 2.8% this
quarter and gained 24.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
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 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 28.50 
This summary was machine generated from LSEG data October 24 at
03:08 a.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
 Sep. 30 2024      0.54           0.63           Beat
 Jun. 30 2024      0.51           0.62           Beat
 Mar. 31 2024      0.51           0.69           Beat
 Dec. 31 2023      0.47           0.56           Beat