Universal Electronics Inc. (NASDAQ:UEIC) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.91 per share.
For the full year, analysts predict revenues of $ 615.50 million, while looking forward to income of $ 3.59 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.87 ~ $ 0.97 per share, while revenues are expected in a range of $ 150.00 million ~ $ 160.00 million
Click Here For More Historical Outlooks Of Universal Electronics Inc.
Previous Quarter Performance
Universal Electronics Inc. unfold income for the second quarter of $ 0.89 per share, from the revenue of $ 153.13 million. The quarterly earnings increased 7.23 percent while revenues dropped 21.03 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.85 per share from $ 153.45 million in revenue. The bottom line results beat street analysts by $ 0.04 or 4.71 percent, at the same time, top line results fell short of analysts by $ 0.32 million or 0.21 percent.
Stock Performance
Shares of Universal Electronics Inc. traded low $ -1.15 or -2.98 percent on Wednesday, reaching $ 37.42 with volume of 39.30 thousand shares. Universal Electronics Inc. has traded high as $ 38.58 and has cracked $ 37.14 on the downward trend
The closing price of $ 37.42, representing a 30.75 % increase from the 52 week low of $ 29.50 and a 35.72 % decrease over the 52 week high of $ 60.00.
The company has a market capital of $ 521.32 million and is part of the Technology sector and Consumer Electronics industry.
Conference Call
Universal Electronics Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.uei.com
Universal Electronics Inc. develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for home entertainment, automation, and security systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.
