Univest (UVSP) Q3 Earnings Top Estimates

Company Performance - Univest (UVSP) reported quarterly earnings of $0.63 per share, exceeding the Zacks Consensus Estimate of$ 0.56 per share, and up from $0.58 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of$ 73.35 million for the quarter ended September 2024, which was 1.02% below the Zacks Consensus Estimate, compared to $72.28 million in the same quarter last year [1] - Over the last four quarters, Univest has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [1] Stock Performance - Univest shares have increased approximately 24.2% since the beginning of the year, outperforming the S&P 500's gain of 22.7% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.55 on revenues of $74.63 million, and for the current fiscal year, it is$ 2.31 on revenues of $294.24 million [4] - The estimate revisions trend for Univest is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Banks - Northeast industry, to which Univest belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - The Bancorp (TBBK), another company in the same industry, is expected to report quarterly earnings of$ 1.12 per share, reflecting a year-over-year increase of 21.7% [5]