Ubiquiti Inc expected to post earnings of $1.63 a share - Earnings Preview

Reuters10-30 21:33

* Ubiquiti Inc is expected to show a rise in quarterly revenue when it reports results on November 1 (estimated) for the period ending September 30 2024

* The New York City-based company is expected to report a 12.9% increase in revenue to $523.021 million from $463.08 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.

* LSEG's mean analyst estimate for Ubiquiti Inc is for earnings of $1.63 per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Ubiquiti Inc is $172.00, below its last closing price of $262.73.

This summary was machine generated October 30 at 13:33 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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