Ultralife Corp reports results for the quarter ended in June - Earnings Summary

Ultralife

28/07/2022 19:14

* Ultralife Corp  ULBI.OQ  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of one cent
per share.
    * Revenue rose 20% to $32.13 million from a year ago;
analysts
expected $31.50 million. 
    * Ultralife Corp's reported EPS for the quarter was 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 66.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ultralife Corp shares had risen by 2.6% this quarter and
lost 22.7% so far this year.
    * The company reported quarterly net income of $512
thousand.
    * Wall Street's median 12-month price target for Ultralife
Corp is
$12.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 28
at 06:14 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.01           0.03           Beat
 Mar. 31 2022      -0.05          -0.01          Beat
 Dec. 31 2021      -0.04          -0.06          Missed
 Sep. 30 2021      0.08           -0.04          Missed