Universal Electronics Sees Q1 2024 Adj. Revenue $86M-$96M Vs $95.926M Estimate; Sees Adj. EPS $(0.27)-$(0.17)
Portfolio Pulse from Benzinga Newsdesk
Universal Electronics projects its Q1 2024 adjusted revenue to be between $86M and $96M, which is below the $95.926M estimate. The company also anticipates its adjusted EPS to range from $(0.27) to $(0.17).

February 15, 2024 | 9:53 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Universal Electronics projects lower-than-expected Q1 2024 revenue and EPS, indicating potential financial challenges.
Universal Electronics' projection of its Q1 2024 revenue and EPS being below analysts' expectations could lead to a negative short-term impact on its stock price. Investors often react to earnings forecasts, especially when they indicate potential underperformance compared to market expectations. The specific mention of adjusted revenue and EPS figures provides clear metrics for investors to consider, likely influencing the stock's performance negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100