Ubiquiti Inc UI.N reported quarterly adjusted earnings of $3.54 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.74. The mean expectation of two analysts for the quarter was for earnings of $2.23 per share.
Revenue rose 49.6% to $759.20 million from a year ago; analysts expected $634.10 million.
Ubiquiti Inc's reported EPS for the quarter was $4.41.
The company reported quarterly net income of $266.71 million.
Ubiquiti Inc shares had fallen by 5.1% this quarter and gained 17.7% 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 "buy."
Wall Street's median 12-month price target for Ubiquiti Inc is $343.50, about 13.7% below its last closing price of $390.57
This summary was machine generated from LSEG data August 22 at 11:27 a.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)