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

Universal Electronics

03/05/2024 01:13

* Universal Electronics Inc  UEIC.OQ  reported a quarterly
adjusted loss of 19 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -28 cents.  The mean expectation of
three analysts for the quarter was for a loss of 24 cents per
share. Wall Street expected results to range from -26 cents
to -22 cents per share.
    * Revenue fell 15.2% to $91.90 million from a year ago;
analysts
expected $90.74 million. 
    * Universal Electronics Inc's reported EPS for the quarter
was a
loss of 67 cents​.
    * The company reported a quarterly loss of $8.65 million.
    * Universal Electronics Inc shares had risen by 9.3% this
quarter and gained 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 242.9% 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 "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 $11.00 
This summary was machine generated from LSEG data May 3 at 12:13
a.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
 Mar. 31 2024      -0.24          -0.19          Beat
 Dec. 31 2023      -0.02          0.07           Beat
 Sep. 30 2023      0.07           0.08           Beat
 Jun. 30 2023      -0.19          -0.06          Beat