UMB Financial Q3 EPS $2.02 Beats $1.77 Estimate, Sales $355.45M Miss $365.28M Estimate
Portfolio Pulse from Happy Mohamed
UMB Financial reported Q3 earnings of $2.02 per share, beating the analyst consensus estimate of $1.77 by 14.12%. This is a 10.99% increase from the same period last year. However, the company's quarterly sales of $355.45 million missed the analyst consensus estimate of $365.28 million by 2.69%, marking a 1.87% decrease from the same period last year.
October 24, 2023 | 8:04 pm
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UMB Financial's Q3 earnings beat estimates but sales missed, indicating mixed performance.
UMB Financial's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the missed sales estimates could negatively impact the stock as it indicates weaker than expected revenue growth. The mixed results make the short-term impact on the stock uncertain.
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IMPORTANCE 80
RELEVANCE 100