United Bankshares Q1 EPS $0.64 Misses $0.65 Estimate
Portfolio Pulse from Benzinga Newsdesk
United Bankshares (NASDAQ:UBSI) reported Q1 earnings of $0.64 per share, missing the consensus estimate of $0.65 by 1.54% and marking a 12.33% decrease from last year's $0.73 per share.
April 25, 2024 | 12:13 pm
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NEGATIVE IMPACT
United Bankshares reported a slight miss in Q1 earnings and a notable year-over-year decrease.
Missing earnings estimates, even by a small margin, can negatively impact investor sentiment and stock price in the short term. The year-over-year decrease further emphasizes the earnings miss, potentially leading to a negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100