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

Ultralife

25/07/2024 14:52

* Ultralife Corp  ULBI.OQ  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 29
cents.  The lone analyst forecast for the quarter was
for earnings of 14 cents per share. 
    * Revenue rose 0.7% to $42.98 million from a year ago;
analysts
expected $42.00 million. 
    * Ultralife Corp's reported EPS for the quarter was 18
cents​.
    * The company reported quarterly net income of $2.97
million.
    * Ultralife Corp shares had risen by 7.1% this quarter and
gained 66.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Ultralife Corp is
$14.00 
This summary was machine generated from LSEG data July 25 at
01:52 p.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
 Jun. 30 2024      0.14           0.22           Beat
 Mar. 31 2024      0.10           0.21           Beat
                                  0.18           
 Sep. 30 2023      0.10           0.10           Met