Universal Electronics Inc reports results for the quarter ended June 30 - Earnings Summary

• Universal Electronics Inc UEIC.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of three analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 1 cents to 12 cents per share.

• Revenue rose 8% to $97.67 million from a year ago; analysts expected $94.22 million.

• Universal Electronics Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $2.91 million.

• Universal Electronics Inc shares had fallen by 4.5% this quarter and lost 42.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the household electronics peer group is "hold."

• Wall Street's median 12-month price target for Universal Electronics Inc is $14.00, about 56.9% above its last closing price of $6.03

This summary was machine generated from LSEG data August 8 at 04:23 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)