Universal Display Corp reports results for the quarter ended in December - Earnings Summary

Universal Display

23/02/2024 03:07

* Universal Display Corp  OLED.OQ  reported quarterly
adjusted
earnings of $1.29​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.36.  The mean expectation of eight analysts for the
quarter was for earnings of $1.15 per share. Wall Street
expected results to range from 97 cents to $1.31 per share.
    * Revenue fell 6.3% to $158.32 million from a year ago;
analysts
expected $161.22 million. 
    * Universal Display Corp's reported EPS for the quarter was
$1.30​.
    * The company reported quarterly net income of $61.98
million.
    * Universal Display Corp shares had fallen by 3.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Universal Display
Corp is $198.00 
This summary was machine generated from LSEG data February 23 at
03:06 a.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
 Dec. 31 2023      1.15           1.29           Beat
 Sep. 30 2023      1.01           1.08           Beat
 Jun. 30 2023      0.75           1.04           Beat
 Mar. 31 2023      0.82           0.83           Beat