Universal Electronics (NASDAQ:UEIC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$102.1m (down 4.7% from 3Q 2023).

• Net loss: US$2.66m (loss narrowed by 86% from 3Q 2023).

• US$0.20 loss per share (improved from US$1.50 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Universal Electronics EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 90%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are up 33% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Universal Electronics that we have uncovered.

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