Ubiquiti Inc expected to post earnings of $1.79 a share - Earnings Preview

Ubiquiti

03/05/2022 17:50

* Ubiquiti Inc  UI.N   UI  is expected to show a fall in
quarterly
revenue when it reports  results on May 5 (estimated). 
    * The New York City-based  company is expected to report  a
4.2% decrease in revenue to $447.498 million from $467.24
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ubiquiti Inc is for
earnings of $1.79 per share. For the same quarter last year, the
company reported earnings of $2.30 per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "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
$300​, above​ its last closing price of $283.90. ​​​

This summary was machine generated May 3 at 16:50 GMT.  All
figures in US dollars  unless otherwise stated