Ubiquiti Inc reports results for the quarter ended in December - Earnings Summary

Ubiquiti

04/02/2022 12:54

* Ubiquiti Inc  UI.N  reported quarterly adjusted earnings
of
$1.66​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
$2.29 per share.
    * Revenue fell 10% to $431.57 million from a year ago; 
analysts
expected $467.79 million. 
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ubiquiti Inc shares had fallen by 13.8% this quarter.
    * The company reported quarterly net income of $103.65
million.
    * Wall Street's median 12-month price target for Ubiquiti
Inc is
$330.00 
    * 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." 

This summary was machine generated February 4 at 12:54 p.m.
 ​All figures in US dollars unless otherwise stated