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

Ubiquiti

05/05/2023 14:33

* Ubiquiti Inc  UI.N  reported quarterly adjusted earnings
of 65
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of $1.96 per share.
    * Revenue rose 27.8% to $457.77 million from a year ago;
analysts
expected $487.86 million. 
    * Ubiquiti Inc's reported EPS for the quarter was 63 cents​.
    * 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 fallen by 18.1% this quarter and
lost 18.6% so far this year.
    * The company reported quarterly net income of $98.58
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 LSEG Refinitiv data May
5 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.21           1.54           Beat