Home Earnings Preview Preview Of BankUnited, Inc. ($BKU) 3Q20 Earnings

Preview Of BankUnited, Inc. ($BKU) 3Q20 Earnings

BankUnited, Inc. (NYSE:BKU) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.

Analysts surveyed by Thomson Reuters are predicting, BKU to report 3Q20 income of $ 0.63 per share.

For the full year, analysts anticipate top line of $ 900.61 million, while looking forward to income of $ 1.74 per share bottom line.

Previous Quarter Performance

BankUnited, Inc. recorded income for the second quarter of $ 0.80 per share, from the revenue of $ 228.69 million. The quarterly earnings reduced 1.23 percent while revenues developed 1.09 percent compared with the same quarter last year.
Street analysts expected BankUnited, Inc. to report income of $ 0.22 per share on revenue of $ 215.68 million for the second quarter. The bottom line results beat street analysts by $ 0.58 or 263.64 percent, at the same time, top line results outshined analysts by $ 13.01 million or 6.03 percent.

Stock Performance

Shares of BankUnited, Inc. traded low $ -0.94 or -3.58 percent on Tuesday, reaching $ 25.33 with volume of 737.60 thousand shares. BankUnited, Inc. has traded high as $ 26.36 and has cracked $ 25.33 on the downward trend

According to the previous trading day, closing price of $ 25.33, representing a 95.03 % increase from the 52 week low of $ 13.47 and a 30.13 % decrease over the 52 week high of $ 37.60.

The company has a market capital of $ 2.34 billion and is part of the Financial Services sector and Banks – Regional – US industry.

Recent Analyst recommendations

  • On 23rd September 2020, upgraded by Compass Point to Buy from Neutral rating, with $ 24.00 target price.
Conference Call

BankUnited, Inc. will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bankunited.com

BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.