Universal Electronics Earnings: Everything You Must Know Now

Universal Electronics Inc. (NASDAQ:UEIC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Universal Electronics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 36.84% to $0.26 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Rose 10.58% to $114.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Universal Electronics Inc. reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $108.09 million.

Quoting Management: “Our first quarter results reflect overall solid performance,” stated Paul Arling, UEI’s Chairman and CEO. “Subscription broadcasting remains a strong contributor to sales, particularly in the Americas and Europe where subscribers continue to upgrade and add new services. Our core businesses also remain strong, and we are gaining traction by embedding our technologies into new categories including smart devices such as smartphones, tablets, smart TVs, game consoles and over-the-top services. Interfaces are becoming more dynamic and complex, presenting significant opportunities for UEI as we are the recognized leader in providing comprehensive yet simple device control technologies. We are talking to all the major players in the midst of their development plans, and the future has never looked brighter.”

Key Stats (on next page)…

Revenue decreased 2.62% from $117.78 million in the previous quarter. EPS decreased 38.1% from $0.42 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.39 to a profit $0.41. For the current year, the average estimate has moved up from a profit of $1.65 to a profit of $1.68 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)