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

Ubiquiti

03/02/2023 13:02

* Ubiquiti Inc  UI.N  reported quarterly adjusted earnings
of
$1.87​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for earnings
of $1.29 per share.
    * Revenue rose 14.4% to $493.57 million from a year ago;
analysts
expected $477.32 million. 
    * Ubiquiti Inc's reported EPS for the quarter was $1.86​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ubiquiti Inc shares had risen by 10.9% this quarter.
    * The company reported quarterly net income of $112.21
million.
    * Wall Street's median 12-month price target for Ubiquiti
Inc is
$300.00 
    * 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." 

This summary was machine generated from Refinitiv data February
3 at 01:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.29           1.87           Beat
 Sep. 30 2022      1.80           1.55           Missed
 Jun. 30 2022      1.21           1.54           Beat
 Mar. 31 2022      1.79           0.83           Missed