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UBSIBearishEarningsnews
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United Bankshares (UBSI) Q1 Earnings and Revenues Lag Estimates

Apr 25, 2024, 10:13 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- UBSI quarterly earnings of $0.64/share missed Zacks estimate of $0.65/share. - Revenues for quarter ended March 2024 were $255.57 million, missing Zacks estimate. - United Bankshares shares have lost about 7.4% year-to-date. - Earnings outlook and estimate revisions are mixed, Zacks Rank is #3 (Hold). - Industry outlook for Banks - Southeast is in the top 37% of Zacks industries. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings

  • UBSI quarterly earnings of $0.64/share missed Zacks estimate of $0.65/share.
  • Revenues for quarter ended March 2024 were $255.57 million, missing Zacks estimate.
  • United Bankshares shares have lost about 7.4% year-to-date.
  • Earnings outlook and estimate revisions are mixed, Zacks Rank is #3 (Hold).
  • Industry outlook for Banks - Southeast is in the top 37% of Zacks industries.

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