Univest Financial Q4 2023 GAAP EPS $0.55 Beats $0.47 Estimate, Sales $71.38M Beat $71.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Univest Financial (NASDAQ:UVSP) reported Q4 2023 earnings per share (EPS) of $0.55, surpassing the consensus estimate of $0.47 by 17.02%. Sales reached $71.38M, slightly above the estimate of $71.25M, but marked a 13.35% decrease from the same period last year.
January 24, 2024 | 9:37 pm
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Univest Financial exceeded Q4 EPS and sales estimates, reporting $0.55 per share and $71.38M in sales against expected figures of $0.47 and $71.25M, respectively.
Beating both EPS and sales estimates is a positive signal to investors and can lead to a short-term increase in stock price. However, the year-over-year decrease in sales may temper some of the positive sentiment.
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