Ubiquiti Inc reports results for the quarter - Earnings Summary

Ubiquiti

08/11/2024 16:18

* Ubiquiti Inc  UI.N  reported quarterly adjusted earnings
of
$2.14​​ per share for the quarter , higher than the same quarter
last year, when the company reported EPS of $1.47.  The mean
expectation of two analysts for the quarter was for earnings of
$1.63 per share. 
    * Revenue rose 18.8% to $550.34 million from a year ago;
analysts
expected $523.02 million. 
    * Ubiquiti Inc's reported EPS for the quarter was $2.12​.
    * The company reported quarterly net income of $127.99
million.
    * Ubiquiti Inc shares had risen by 17.8% this quarter and
gained 87.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for Ubiquiti Inc is
$172.00 
This summary was machine generated from LSEG data November 8 at
04:18 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.63           2.14           Beat
 Jun. 30 2024      1.73           1.74           Beat
 Mar. 31 2024      1.56           1.28           Missed
 Dec. 31 2023      1.64           1.38           Missed