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Universal Display Corp. (OLED)
:OLED
Holding OLED?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.07Last Year’s EPS
1.29Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -26.36%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong year-to-date financial performance with record revenue and earnings for 2024. However, the company revised its year-end revenue expectations downward due to decreased customer forecasts, indicating potential challenges in the near term. Despite this, significant investments in the OLED market and increased royalty and license fees suggest a positive long-term outlook.Company Guidance
During the Universal Display Corporation's Q3 2024 earnings call, the company revised its revenue forecast for the year to a range of $625 million to $645 million, down from earlier projections, due to lowered customer forecasts for Q4. Despite this adjustment, the company reported strong financial performance with Q3 revenue at $162 million, up from $141 million in the same quarter of 2023. Operating profit stood at $67 million, with a net income of $67 million and earnings per diluted share at $1.40. The company highlighted significant investments in the OLED market, including a $7.7 billion Gen-8.6 OLED facility by Visionox and Samsung Display's $3 billion IT facility. The call also emphasized ongoing developments in OLED technology, particularly in the IT and automotive sectors, and mentioned future expectations for a commercial phosphorescent blue emissive system.Record Revenue and Earnings
Universal Display Corporation is on track for record revenue and record earnings in 2024. Revenue through Q3 is $485 million, up 16% from the same period last year. Net income for the first 9 months reached $176 million, up 25% year-over-year.
OLED Market Growth
The OLED market is growing significantly, particularly in the IT and automotive sectors. Omdia forecasts mobile OLED PCs will grow to 69 million units in 2028, up more than 150% from an estimated 26 million units in 2024.
Increased Royalty and License Fees
Third quarter royalty and license fees were $75 million compared to $46 million in the prior year period, showing a significant year-over-year increase.
New OLED Investments and Facilities
Significant investments are being made in new OLED facilities, with a combined total of approximately $20 billion across several companies including Visionox, BOE, and Samsung Display.
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OLED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OLED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $202.65 | $179.87 | -11.24% |
| Aug 01, 2024 | $211.73 | $171.52 | -18.99% |
| May 02, 2024 | $155.32 | $169.73 | +9.28% |
| Feb 22, 2024 | $185.49 | $170.38 | -8.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Universal Display Corp. (OLED) report earnings?
Universal Display Corp. (OLED) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Universal Display Corp. (OLED) earnings time?
Universal Display Corp. (OLED) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OLED EPS forecast?
OLED EPS forecast for the fiscal quarter 2024 (Q4) is 1.07.
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