Universal Show Corp. (OLED) got here out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.02 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 16.44%. 1 / 4 in the past, it was anticipated that this natural light-emitting diode expertise firm would submit earnings of $0.67 per share when it truly produced earnings of $1.08, delivering a shock of 61.19%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Common Show, which belongs to the Zacks Electronics – Miscellaneous Parts business, posted revenues of $129.66 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 5.95%. This compares to year-ago revenues of $57.97 million. The corporate has topped consensus income estimates 4 occasions over the past 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Common Show shares have added about 0.8% for the reason that starting of the 12 months versus the S&P 500’s achieve of 17.2%.
What’s Subsequent for Common Show?
Whereas Common Show has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Common Show was blended. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You’ll be able to see the entire checklist of right now’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $1.14 on $149.24 million in revenues for the approaching quarter and $4.06 on $553.47 million in revenues for the present fiscal 12 months.
Buyers needs to be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Electronics – Miscellaneous Parts is at the moment within the backside 34% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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