Univest Financial Corp reports results for the quarter ended in March - Earnings Summary

• Univest Financial Corp UVSP reported quarterly adjusted earnings of 69 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 71 cents. The mean expectation of three analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 48 cents to 55 cents per share.

• Revenue fell 2.4% to $77.06 million from a year ago; analysts expected $72.20 million.

• Univest Financial Corp's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $20.31 million.

• Univest Financial Corp shares had fallen by 3.9% this quarter and lost 9.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Univest Financial Corp is $22.00

This summary was machine generated from LSEG data April 24 at 09:42 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)