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

Universal Electronics

02/11/2023 22:16

* Universal Electronics Inc  UEIC.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.00.  The mean expectation of
three analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 5 cents to 8
cents per share.
    * Revenue fell 27.9% to $107.10 million from a year ago;
analysts
expected $111.70 million. 
    * Universal Electronics Inc's reported EPS for the quarter
was a
loss of $1.50​.
    * The company reported a quarterly loss of $19.36 million.
    * Universal Electronics Inc shares had fallen by 13.1% this
quarter and lost 62.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 November 2 at
10:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.07           0.08           Beat
 Jun. 30 2023      -0.19          -0.06          Beat
 Mar. 31 2023      -0.31          -0.28          Beat
 Dec. 31 2022      0.78           0.44           Missed