Yahoo Finance Univest Financial First Quarter 2024 Earnings: Beats Expectations
Univest Financial (NASDAQ:UVSP) First Quarter 2024 Results
Key Financial Results
Revenue: US$75.6m (flat on 1Q 2023).
Net income: US$20.3m (down 3.5% from 1Q 2023).
Profit margin: 27% (down from 28% in 1Q 2023).
EPS: US$0.69 (down from US$0.72 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Univest Financial Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 34%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 11% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Univest Financial you should know about.
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