ubs to report quarterly earnings with significant sales decline expected

UBS is scheduled to announce its financial results for the third quarter of 2024 on October 30, 2024.

Analysts predict that the earnings per share (EPS) will be USD 0.340, which is a significant improvement compared to the loss of CHF -0.210 per share reported in the same quarter last year.

However, sales expectations are lower, with an average forecast of USD 11.26 billion, reflecting a 40.41 percent decline from the CHF 18.90 billion generated in the prior-year quarter.

For the current fiscal year, analysts project an average EPS of USD 1.61, which is a significant contrast to the CHF 7.94 reported in the previous year.

Sales forecasts for the year stand at USD 47.03 billion, down from CHF 64.30 billion in the prior period, indicating a challenging environment for the financial institution as it navigates through market fluctuations and economic pressures.

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