Universal Electronics Inc expected to post a loss of 24 cents a share - Earnings Preview

Universal Electronics

30/04/2024 22:04

* Universal Electronics Inc  UEIC.OQ   UEIC.O  is expected
to show
a fall in quarterly revenue when it reports  results on May 2
for the period ending March 31 2024
    * The Scottsdale Arizona-based  company is expected to
report a
16.3% decrease in revenue to $90.737 million from $108.38
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on February
15 2024, for the period ended March 31, was for revenue between
$86.00 million and $96.00 million.
    * ​LSEG's mean analyst estimate for Universal Electronics
Inc is
for a loss of 24 cents per share. The company's EPS guidance on
February 15 2024, for the period ended March 31, was between
$-0.27 and $-0.17 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Universal
Electronics Inc is $11.00​, above​ its last closing price
of $10.47. ​​​

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  -0.03       -0.02      0.07      Beat    450
 Jan. 1 2023   0.07        0.07       0.08      Beat    23.1
 Jan. 1 0001   -0.19       -0.19      -0.06     Beat    68​
 Mar. 31 2023  -0.31       -0.31      -0.28     Beat    8.6
 ​​Dec.        0.78        0.78       0.44      Missed  -43.3
 31 2022                                                
 Sep. 30 2022  0.74        0.74       1.00      Beat    35.3​
 Jun. 30 2022  0.56        0.56       0.66      Beat    17.2
 Mar. 31 2022  0.47        0.47       0.47      Met     1
 This summary was machine generated April 30 at 21:04 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)