Itau Unibanco Holding Q3 2023 Adj EPS $0.19, Inline, Sales $8.10B Miss $8.34B Estimate
Portfolio Pulse from saritha@benzinga.com
Itau Unibanco Holding (NYSE:ITUB) reported Q3 2023 earnings of $0.19 per share, in line with analyst consensus. This is a 26.67% increase from the same period last year. However, the company's quarterly sales of $8.10 billion missed the analyst consensus estimate of $8.34 billion by 2.87%, despite a 16.04% increase from last year.
November 06, 2023 | 10:04 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Itau Unibanco's Q3 2023 earnings met expectations, but sales missed estimates. Earnings increased by 26.67% YoY, while sales increased by 16.04% YoY but fell short of the $8.34 billion estimate.
Itau Unibanco's earnings met expectations, which is positive for the stock. However, the company's sales missed estimates, which could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100