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

Universal Display

03/05/2023 22:03

* Universal Display Corp  OLED.OQ  reported quarterly
adjusted
earnings of 83 cents​​ per share for the quarter ended in March.
The mean expectation of eleven analysts for the quarter was
for earnings of 82 cents per share.
    * Revenue fell 13.3% to $130.47 million from a year ago;
analysts
expected $135.90 million. 
    * Universal Display Corp's reported EPS for the quarter was
83
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Universal Display Corp shares had fallen by 15.6% this
quarter and gained 21.2% so far this year.
    * The company reported quarterly net income of $39.84
million.
    * Wall Street's median 12-month price target for Universal
Display
Corp is $150.00 
    * 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 May
3 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.82           0.83           Beat
 Dec. 31 2022      0.94           1.36           Beat
 Sep. 30 2022      0.98           1.12           Beat
 Jun. 30 2022      1.03           0.87           Missed