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

Universal Electronics

04/05/2023 22:40

* Universal Electronics Inc  UEIC.OQ  reported a quarterly
adjusted loss of 28 cents​​ per share for the quarter ended in
March. The mean expectation of four analysts for the quarter was
for a loss of 31 cents per share.
    * Revenue fell 18.2% to $108.38 million from a year ago;
analysts
expected $102.41 million. 
    * Universal Electronics Inc's reported EPS for the quarter
was a
loss of $4.81​.
    * The mean earnings estimate of analysts had fallen by
about 168.1% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Universal Electronics Inc shares had risen by 1.9% this
quarter and lost 50.4% so far this year.
    * The company reported a quarterly loss of $61.36 million.
    * Wall Street's median 12-month price target for Universal
Electronics Inc is $21.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.31          -0.28          Beat
 Dec. 31 2022      0.78           0.44           Missed
 Sep. 30 2022      0.74           1.00           Beat
 Jun. 30 2022      0.56           0.66           Beat