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Universal Electronics Inc. (UEIC)
NASDAQ:UEIC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.19Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects positive growth in the connected home market and strong financial discipline. Despite some concerns over cash reserves and a cautious outlook for Q1 2025, the company is optimistic about long-term growth opportunities.Company Guidance
During the Universal Electronics fourth quarter and full year 2024 financial results call, the company provided guidance highlighting several key metrics and strategic initiatives. In Q4 2024, sales grew by 13%, and EPS improved by $0.24 per share compared to the previous year, surpassing both internal and consensus projections. The connected home business, particularly in climate control, HVAC, and home automation, showed significant momentum, contributing to a strong pipeline of new products expected to drive long-term revenue growth. For fiscal 2025, the company anticipates continued top and bottom-line growth, with first-quarter sales projected between $87 million and $97 million, despite shifting $4 million in revenue from Q1 2025 to Q4 2024 due to accounting practices. Operating expenses are expected to remain stable, with gross margins anticipated to be around 30% for the year. The company is optimistic about new customer acquisitions and existing relationships with major OEM brands, such as Daikin and Carrier, which are expected to fuel ongoing growth in the connected home market.Sales Growth and Improved EPS
In Q4 2024, sales grew by 13%, and EPS improved by $0.24 per share compared to the fourth quarter a year ago.
Connected Home Market Expansion
Significant progress in the connected home market, with increased momentum and several new products shipping, leading to a strong pipeline of new products that will fuel long-term revenue growth.
Innovations at CES
At the International Consumer Electronics Show, UEI introduced groundbreaking QuickSet HomeSense technology and new capabilities in the UEI TIDE family, enhancing climate control and energy management.
Financial Stability and Debt Reduction
Net cash provided by operating activities was $14.8 million, and the outstanding line of credit was reduced by over $18 million in 2024, resulting in a net debt position at year end of approximately $10 million.
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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 |
|---|---|---|---|
| Feb 20, 2025 | $9.22 | $8.15 | -11.61% |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is Universal Electronics Inc. (UEIC) earnings time?
Universal Electronics Inc. (UEIC) earnings time is at May 01, 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 2025 (Q1) is -0.14.
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