Universal Electronics Beats Analyst Estimates on EPS
Universal Electronics (NAS: UEIC) reported earnings on Feb. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Universal Electronics beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP earnings per share improved significantly.
Gross margins grew, operating margins were steady, and net margins grew.
Universal Electronics booked revenue of $117.6 million. The five analysts polled by S&P Capital IQ foresaw sales of $116.2 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $102.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.40. The five earnings estimates compiled by S&P Capital IQ anticipated $0.36 per share on the same basis. GAAP EPS of $0.33 for Q4 were 27% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.4%, 50 basis points better than the prior-year quarter. Operating margin was 5.3%, about the same as the prior-year quarter. Net margin was 4.2%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $109.7 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $488.6 million. The average EPS estimate is $1.74.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 110 members rating the stock outperform and six members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Universal Electronics a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Electronics is outperform, with an average price target of $21.42.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.