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

Ubiquiti

25/08/2023 12:50

* Ubiquiti Inc  UI.N  reported quarterly adjusted earnings
of
$1.73​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
$1.80 per share.
    * Revenue rose 10.8% to $491.09 million from a year ago;
analysts
expected $483.41 million. 
    * Ubiquiti Inc's reported EPS for the quarter was $1.72​.
    * 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 12.4% this quarter and
lost 43.7% so far this year.
    * The company reported quarterly net income of $103.68
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 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 25 at 11:50 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.80           1.73           Missed
 Mar. 31 2023      1.96           0.65           Missed
 Dec. 31 2022      1.29           1.87           Beat
 Sep. 30 2022      1.80           1.55           Missed