United Community Banks Q2 Adj EPS $0.55 Misses $0.61 Estimate, Sales $236.67M Miss $241.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Community Banks (NASDAQ:UCBI) reported Q2 earnings of $0.53 per share, missing the analyst consensus estimate of $0.62 by 14.52%. This is a 19.7% decrease from the same period last year. The company also reported quarterly sales of $213.92 million, missing the analyst consensus estimate of $242.13 million by 11.65%. However, this is a 0.73% increase from the same period last year.
July 18, 2023 | 8:33 pm
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NEGATIVE IMPACT
United Community Banks' Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term.
United Community Banks reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100