The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Universal Electronics met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped.
Gross margins grew, operating margins dropped, net margins dropped.
Universal Electronics booked revenue of $124.9 million. The five analysts polled by S&P Capital IQ expected to see revenue of $126.0 million on the same basis. GAAP reported sales were 1.1% higher than the prior-year quarter's $123.5 million.
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 $0.54. The five earnings estimates compiled by S&P Capital IQ anticipated $0.53 per share. GAAP EPS of $0.45 for Q3 were 4.3% lower than the prior-year quarter's $0.47 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 29.2%, 150 basis points better than the prior-year quarter. Operating margin was 7.6%, 10 basis points worse than the prior-year quarter. Net margin was 5.5%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $125.6 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $472.0 million. The average EPS estimate is $1.69.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 117 members out of 123 rating the stock outperform, and six members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 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 $19.90.
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