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

Ultralife

27/07/2023 15:11

* Ultralife Corp  ULBI.OQ  reported quarterly adjusted
earnings of
29 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of 4 cents per
share.
    * Revenue rose 32.9% to $42.69 million from a year ago;
analysts
expected $32.00 million. 
    * Ultralife Corp's reported EPS for the quarter was 21
cents​.
    * The mean earnings estimate of analysts had risen by
about 100%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Ultralife Corp shares had risen by 1.9% this quarter and
gained 27.7% so far this year.
    * The company reported quarterly net income of $3.34
million.
    * 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 LSEG Refinitiv data July
27 at 02:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.04           0.29           Beat
 Mar. 31 2023      -0.10          -0.01          Beat
 Sep. 30 2022      0.04           -0.01          Missed