The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Universal Electronics beat slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share expanded. GAAP earnings per share dropped significantly.
Gross margins increased, operating margins expanded, net margins contracted.
Universal Electronics recorded revenue of $117.8 million. The four analysts polled by S&P Capital IQ expected net sales of $116.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.42. The four earnings estimates compiled by S&P Capital IQ forecast $0.41 per share. Non-GAAP EPS of $0.42 for Q4 were 5.0% higher than the prior-year quarter's $0.40 per share. GAAP EPS of $0.19 for Q4 were 42% lower than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.3%, 190 basis points better than the prior-year quarter. Operating margin was 6.7%, 140 basis points better than the prior-year quarter. Net margin was 2.5%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $106.4 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $481.9 million. The average EPS estimate is $1.73.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 118 members out of 124 rating the stock outperform, and six members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Universal Electronics a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Electronics is outperform, with an average price target of $20.45.
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