Universal Electronics Third Quarter 2022 Results: EPS Exceeds Expectations

Universal Electronics (NASDAQ:UEIC) Third Quarter 2022 Results

Main financial results

  • Revenue: USD 148.5m (down 4.6% compared to Q3 2021).
  • Net profit: $7.23 million (compared to a loss of $955,000 in Q3 2021).
  • Profit margin: 4.9% (up from Q3 2021 net loss).
  • EPS: $0.57 (vs. a loss of $0.071 in Q3 2021).
NasdaqGS: UEIC Earnings and Revenue Growth November 6, 2022

All figures shown in the table above are for the 12 month period (TTM)

Universal Electronics EPS Exceeds Expectations

Revenue is in line with analysts’ estimates. Earnings per share (EPS) exceeded analysts’ estimates by 11%.

Going forward, revenues are expected to remain flat over the next 2 years, in line with US consumer durables industry revenue forecasts.

Performance of the American durable consumer goods industry.

Shares of the company are up 9.2% from a week ago.

Risk analysis

You should always take note of the risks, for example – Universal Electronics has 2 warning signs we think you should know.

Valuation is complex, but we help make it simple.

Find out if Universal electronics is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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