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

Ultralife

25/04/2024 15:49

* Ultralife Corp  ULBI.OQ  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The lone analyst forecast for the quarter was
for earnings of 10 cents per share. 
    * Revenue rose 31.4% to $41.93 million from a year ago;
analysts
expected $38.00 million. 
    * Ultralife Corp's reported EPS for the quarter was 18
cents​.
    * The company reported quarterly net income of $2.89
million.
    * Ultralife Corp shares had fallen by 0.9% this quarter and
gained 28.0% 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 "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
$12.00 
This summary was machine generated from LSEG data April 25 at
02:49 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
 Mar. 31 2024      0.10           0.21           Beat
                                  0.18           
 Sep. 30 2023      0.10           0.10           Met
 Jun. 30 2023      0.04           0.29           Beat