Universal Display Corp expected to post earnings of $1.09 a share - Earnings Preview

Universal Display

30/04/2024 22:33

* Universal Display Corp  OLED.OQ   OLED.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Ewing New Jersey-based  company is expected to report
a
15.5% increase in revenue to $150.748 million from $130.47
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Universal Display Corp
is for
earnings of $1.09 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Universal
Display
Corp is $199.00​, above​ its last closing price of $162.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.19        1.15       1.29      Beat    11.7
 Sep. 30 2023  1.01        1.01       1.08      Beat    7.3
 Jun. 30 2023  0.75        0.75       1.04      Beat    39.5​
 Mar. 31 2023  0.82        0.82       0.83      Beat    1.1
 ​​Jan.        0.92        0.94       1.36      Beat    44.3
 1 0001                                                 
 Jan. 1 0001   0.97        0.98       1.12      Beat    14​
 Jun. 30 2022  0.97        1.03       0.87      Missed  -15.2
 Jan. 1 0001   0.97        0.98       1.05      Beat    6.7
 This summary was machine generated April 30 at 21:33 GMT.  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)