Ubiquiti Inc expected to post earnings of $1.21 a share - Earnings Preview

Ubiquiti

23/08/2022 13:48

* Ubiquiti Inc  UI.N   UI  is expected to show a fall in
quarterly
revenue when it reports  results on August 25 (estimated). 
    * The New York City-based  company is expected to report  a
19.0% decrease in revenue to $386.972 million from $477.89
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ubiquiti Inc is for
earnings of $1.21 per share. For the same quarter last year, the
company reported earnings of $2.47 per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ubiquiti
Inc is
$220​, below​ its last closing price of $317.95. ​​​

This summary was machine generated August 23 at 12:48 GMT.  All
figures in US dollars  unless otherwise stated