UFP Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

UFP Technologies

06/11/2024 05:03

* UFP Technologies Inc  UFPT.OQ  reported quarterly adjusted
earnings of $2.11​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $1.52.  The mean expectation of three analysts
for the quarter was for earnings of $1.81 per share. Wall Street
expected results to range from $1.71  to $1.88 per share.
    * Revenue rose 44% to $145.17 million from a year ago;
analysts
expected $132.47 million. 
    * UFP Technologies Inc's reported EPS for the quarter was
$2.11​.
    * The company reported quarterly net income of $16.36
million.
    * UFP Technologies Inc shares had fallen by 12.3% this
quarter and
gained 61.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for UFP Technologies
Inc is $378.50 
This summary was machine generated from LSEG data November 6 at
05:03 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.81           2.11           Beat
 Jun. 30 2024      1.53           1.75           Beat
 Mar. 31 2024      1.10           1.64           Beat
 Dec. 31 2023      1.14           1.51           Beat