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

Ubiquiti

23/08/2024 14:31

* Ubiquiti Inc  UI.N  reported quarterly adjusted earnings
of
$1.74​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.73. 
The mean expectation of two analysts for the quarter was
for earnings of $1.73 per share. 
    * Revenue rose 3.3% to $507.46 million from a year ago;
analysts
expected $511.62 million. 
    * Ubiquiti Inc's reported EPS for the quarter was $1.72​.
    * The company reported quarterly net income of $103.8
million.
    * Ubiquiti Inc shares had risen by 21.3% this quarter and
gained 26.6% so far this year.

FORECAST CHANGES
    * 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.

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
$134.00 
This summary was machine generated from LSEG data August 23 at
01:31 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
 Jun. 30 2024      1.73           1.74           Beat
 Mar. 31 2024      1.56           1.28           Missed
 Dec. 31 2023      1.64           1.38           Missed
 Sep. 30 2023      1.90           1.47           Missed