UMB Financial Q2 Adj EPS $1.93 Beats $1.92 Estimate, Sales $363.69M Miss $375.71M Estimate
Portfolio Pulse from vinayak@benzinga.com
UMB Financial reported Q2 earnings of $1.93 per share, beating the analyst consensus estimate of $1.92 by 0.52 percent. However, this is a 31.8 percent decrease from the same period last year. The company's quarterly sales of $363.69 million missed the analyst consensus estimate of $375.71 million by 3.20 percent, marking a 9.33 percent decrease from the previous year.
July 25, 2023 | 8:33 pm
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UMB Financial's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
UMB Financial's Q2 earnings beat the estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100