* United Community Banks Inc reported quarterly adjusted earnings of 58 cents per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of eight analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 49 cents to 53 cents per share.
* Revenue rose 8.9% to $233.02 million from a year ago; analysts expected $238.95 million.
* United Community Banks Inc's reported EPS for the quarter was 54 cents.
* The company reported quarterly net income of $64.67 million.
* United Community Banks Inc shares had risen by 17.6% this quarter and gained 2.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "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 United Community Banks Inc is $29.00 This summary was machine generated from LSEG data July 24 at 01:31 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.51 0.58 Beat
Mar. 31 2024 0.49 0.52 Beat
Dec. 31 2023 0.52 0.53 Beat
Sep. 30 2023 0.45 0.45 Met
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