Universal Electronics Inc reports results for the quarter ended in December - Earnings Summary

Universal Electronics

15/02/2024 23:43

* Universal Electronics Inc  UEIC.OQ  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 44 cents.  The mean expectation of
three analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -4 cents to 2
cents per share.
    * Revenue fell 20.5% to $97.59 million from a year ago;
analysts
expected $96.93 million. 
    * Universal Electronics Inc's reported EPS for the quarter
was a
loss of 55 cents​.
    * The company reported a quarterly loss of $7.1 million.
    * Universal Electronics Inc shares had fallen by 7.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 166.7% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the household
electronics peer group is also "hold"

Wall Street's median 12-month price target for Universal
Electronics Inc is $14.00 
This summary was machine generated from LSEG data February 15 at
11:43 p.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      -0.01          0.07           Beat
 Sep. 30 2023      0.07           0.08           Beat
 Jun. 30 2023      -0.19          -0.06          Beat
 Mar. 31 2023      -0.31          -0.28          Beat