Universal Display (Nasdaq: PANL) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Universal Display beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share increased.

Margins expanded across the board.

Revenue details
Universal Display notched revenue of $18.7 million. The nine analysts polled by S&P Capital IQ foresaw revenue of $17.9 million on the same basis. GAAP reported sales were 73% higher than the prior-year quarter's $10.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.11. The six earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS were $0.11 for Q4 versus -$0.14 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 49.2%, 2,040 basis points better than the prior-year quarter. Operating margin was 19.1%, 2,100 basis points better than the prior-year quarter. Net margin was 30.7%, 7,990 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $21.2 million. On the bottom line, the average EPS estimate is $0.10.

Next year's average estimate for revenue is $109.4 million. The average EPS estimate is $0.82.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,036 members rating the stock outperform and 76 members rating it underperform. Among 321 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 300 give Universal Display a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Display is outperform, with an average price target of $52.43.

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