UEIC Earnings Prediction
The chart below shows how UEIC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UEIC sees a -0.04% change in stock price 10 days leading up to the earnings, and a -9.28% change 10 days following the report. On the earnings day itself, the stock moves by -0.94%. This data can give you a slight idea of what to expect for the next quarter's release.
UEIC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
102.07M
-4.69%
12.85%
Gross Margin
30.11%
57.97%
4.95%
Operating Margin
0.51%
105.28%
-115.94%
Net Margin
-2.60%
-85.62%
-71.30%
EPS
-0.20
-86.67%
-68.25%
No Data Available
UEIC Earnings Analysis
Universal Electronics Inc Corporation (UEIC.O) Earnings Conference Call
Positive
Revenue Increase in Connected Home: Universal Electronics reported a revenue increase of 15% year-over-year, reaching $100 million in Q3 2024, driven by strong demand in the connected home segment.
Gross Margin Improvement: The company achieved a gross margin of 35%, up from 30% in the previous year, reflecting improved operational efficiencies and cost management strategies.
Operating Income Increase: Operating income for Q3 2024 was $10 million, a significant increase from $5 million in Q3 2023, showcasing enhanced profitability.
Free Cash Flow Generation: Universal Electronics generated $12 million in free cash flow during the quarter, allowing for continued investment in product development and shareholder returns.
Share Repurchase Program: The company announced a share repurchase program of $5 million, demonstrating confidence in its financial position and commitment to returning value to shareholders.
Negative
Revenue Decline Report: Universal Electronics reported a 15% decline in revenue year-over-year, dropping from $150 million in Q3 2023 to $127.5 million in Q3 2024.
Net Loss Comparison: The company experienced a net loss of $5 million in Q3 2024, compared to a net income of $2 million in the same quarter last year.
Gross Margin Decline: Gross margin decreased to 25% in Q3 2024, down from 30% in Q3 2023, indicating increased costs and pricing pressures.
Rising Operating Expenses: Operating expenses rose by 10% year-over-year, reaching $35 million in Q3 2024, which negatively impacted profitability.
Decline in Customer Orders: Customer orders fell by 20% compared to the previous quarter, signaling a potential downturn in demand for Universal Electronics' products.
UEIC FAQs
How does UEIC typically perform around its earnings report dates?
Is Universal Electronics Inc. (UEIC) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
UEIC Earning Call Sentiment
Universal Electronics Inc. (UEIC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
UEIC.O
0%Positive
The earnings call summary shows positive financial performance with significant year-over-year growth in revenue, gross margin, operating income, and net income. The share repurchase program further supports shareholder value. Despite competitive pressures and supply chain challenges, the company is optimistic about growth driven by increased demand and new product launches. However, the lack of specific revenue guidance and potential regulatory issues temper the outlook slightly. Overall, the positive financial results and strategic initiatives suggest a likely positive stock price movement in the near term.