United Community Banks Q3 Adj. EPS $0.45, Inline, Sales $234.53M Miss $242.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Community Banks (NASDAQ:UCBI) reported Q3 adjusted earnings of $0.45 per share, in line with analyst consensus. However, this is a 40% decrease from the same period last year. The company's quarterly sales of $234.53M missed the analyst consensus of $242.93M by 3.46%, but it's a 1.22% increase from last year.
October 18, 2023 | 11:03 am
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United Community Banks' Q3 earnings met expectations but sales missed estimates. This could potentially impact the company's stock negatively in the short term.
United Community Banks' earnings met expectations, which is generally positive for the stock. However, the company's sales missed estimates, which is typically seen as negative by investors. Additionally, the company's earnings decreased by 40% compared to the same period last year, which could also negatively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100