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

Universal Display

02/11/2023 21:39

* Universal Display Corp  OLED.OQ  reported quarterly
adjusted
earnings of $1.08​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.12.  The mean expectation of
ten analysts for the quarter was for earnings of $1.01 per
share. Wall Street expected results to range from 92 cents
to $1.14 per share.
    * Revenue fell 12.1% to $141.08 million from a year ago;
analysts
expected $148.88 million. 
    * Universal Display Corp's reported EPS for the quarter was
$1.08​.
    * The company reported quarterly net income of $51.52
million.
    * Universal Display Corp shares had fallen by 12.7% this
quarter and gained 26.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 8 "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 $180.00 
This summary was machine generated from LSEG data November 2 at
09:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.01           1.08           Beat
 Jun. 30 2023      0.75           1.04           Beat
 Mar. 31 2023      0.82           0.83           Beat
 Dec. 31 2022      0.94           1.36           Beat