ubs set 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, indicating a 40.41 percent decline from the CHF 18.90 billion generated in the prior-year quarter. Analysts project an average EPS of USD 1.61 for the current fiscal year, down from CHF 7.94 in the previous year. Sales expectations for the year are USD 47.03 billion, compared to CHF 64.30 billion reported last year, suggesting a challenging environment for the financial institution.

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