Universal Electronics Inc reports results for the quarter ended September 30 - Earnings Summary

Universal Electronics

08/11/2024 21:01

* Universal Electronics Inc  UEIC.OQ  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 8 cents.  The mean expectation of three analysts
for the quarter was for earnings of 12 cents per share. Wall
Street expected results to range from 6 cents to 19 cents per
share.
    * Revenue fell 4.7% to $102.07 million from a year ago;
analysts
expected $102.72 million. 
    * Universal Electronics Inc's reported EPS for the quarter
was a
loss of 20 cents​.
    * The company reported a quarterly loss of $2.66 million.
    * Universal Electronics Inc shares had fallen by 8.8% this
quarter and lost 10.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.2%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the household
electronics peer group is  "hold."

Wall Street's median 12-month price target for Universal
Electronics Inc is $11.00 
This summary was machine generated from LSEG data November 8 at
09:01 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
 Sep. 30 2024      0.12           0.10           Missed
 Jun. 30 2024      -0.04          -0.09          Missed
 Mar. 31 2024      -0.24          -0.19          Beat
 Dec. 31 2023      -0.02          0.07           Beat