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

Universal Display

03/08/2023 23:50

* Universal Display Corp  OLED.OQ  reported quarterly
adjusted
earnings of $1.04​​ per share for the quarter ended in June. The
mean expectation of ten analysts for the quarter was
for earnings of 75 cents per share.
    * Revenue rose 3.6% to $141.51 million from a year ago;
analysts
expected $128.60 million. 
    * Universal Display Corp's reported EPS for the quarter was
$1.04​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Universal Display Corp shares had fallen by 2.6% this
quarter and gained 29.9% so far this year.
    * The company reported quarterly net income of $49.68
million.
    * Wall Street's median 12-month price target for Universal
Display
Corp is $152.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 10:50 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.75           1.04           Beat
 Mar. 31 2023      0.82           0.83           Beat
 Dec. 31 2022      0.94           1.36           Beat
 Sep. 30 2022      0.98           1.12           Beat