Univest Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Univest Financial Corp UVSP reported quarterly adjusted earnings of 69 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of two analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 67 cents to 71 cents per share.

• Revenue rose 12.5% to $81.04 million from a year ago; analysts expected $79.50 million.

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

• The company reported quarterly net income of $19.98 million.

• Univest Financial Corp shares had risen by 6.2% this quarter and gained 8.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.6% 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 no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Univest Financial Corp is $32.00, about 0.3% above its last closing price of $31.90

This summary was machine generated from LSEG data July 23 at 09:02 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)