Univest Financial Q3 EPS $0.58 Beats $0.54 Estimate, Sales $72.28M Miss $73.55M Estimate
Portfolio Pulse from mahesh@benzinga.com
Univest Financial reported Q3 earnings of $0.58 per share, beating the analyst consensus estimate of $0.54 by 7.41%. However, this is a 15.94% decrease from the same period last year. The company's quarterly sales of $72.28 million missed the analyst consensus estimate of $73.55 million by 1.73%, marking a 5.15% decrease from the same period last year.
October 25, 2023 | 8:50 pm
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NEUTRAL IMPACT
Univest Financial's Q3 earnings beat estimates but were lower than last year. Sales missed estimates and were also lower than last year.
Univest Financial's earnings beat estimates, which is positive for the stock. However, the decrease in earnings and sales compared to the same period last year, as well as the missed sales estimates, could negatively impact the stock. The net effect is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100