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Universal Electronics Inc. (UEIC)
:UEIC
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 25.42%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong financial performance and growth in the connected home segment, despite challenges in the home entertainment sector and increased freight costs. The company is optimistic about future growth, supported by new innovations and strategic partnerships.Company Guidance
During the Universal Electronics Inc. (UEIC) Q3 2024 earnings call, the company reported net sales of $102 million, which fell within their guidance range. Gross profit increased by 380 basis points year-over-year, reaching 30.1% of sales. The company also achieved a Q3 EPS of $0.10. Looking ahead, UEIC expects continued growth with sales projections for Q4 ranging from $99 million to $109 million, representing the first year-over-year quarterly growth since 2021. They anticipate Q4 diluted earnings per share to be between $0.10 and $0.20. The call highlighted the company’s success in optimizing its manufacturing footprint and transitioning to more efficient facilities, contributing to improved gross margins. Additionally, UEIC discussed ongoing efforts in the connected home market, including partnerships with major OEMs like Carrier and Daikin, and innovative product launches such as a battery-free remote control using photovoltaic energy harvesting.Strong Financial Performance
Q3 2024 net sales were $102 million, within guidance. Gross profit increased by 380 basis points year-over-year, and EPS reached $0.10.
Growth in Connected Home Segment
UEIC continues to expand in the climate control market, with new product launches like the advanced smart thermostat with Carrier and developments with Daikin.
Innovations in Home Entertainment
Secured a major design win for a battery-free remote control using photovoltaic energy harvesting, set to launch in 2025.
Exhibition Success and Future Plans
Participated in major conferences, demonstrating new products and securing orders. Plans to exhibit at CES and AHR shows in 2025.
Guidance for Future Growth
Forecasted sales for Q4 2024 to range from $99 million to $109 million, marking the first quarterly year-over-year growth since 2021.
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UEIC 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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UEIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $8.42 | $11.09 | +31.71% |
| Aug 08, 2024 | $10.86 | $9.28 | -14.55% |
| May 02, 2024 | $11.19 | $11.22 | +0.27% |
| Feb 15, 2024 | $8.89 | $8.98 | +1.01% |
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 Electronics Inc. (UEIC) report earnings?
Universal Electronics Inc. (UEIC) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Universal Electronics Inc. (UEIC) earnings time?
Universal Electronics Inc. (UEIC) earnings time is at Feb 13, 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 UEIC EPS forecast?
UEIC EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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