Ubiquiti Inc reports results for the quarter - Earnings Summary

• Ubiquiti Inc UI.N reported quarterly adjusted earnings of $2.14​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of $1.47. The mean expectation of two analysts for the quarter was for earnings of $1.63 per share.

• Revenue rose 18.8% to $550.34 million from a year ago; analysts expected $523.02 million.

• Ubiquiti Inc's reported EPS for the quarter was $2.12​.

• The company reported quarterly net income of $127.99 million.

• Ubiquiti Inc shares had risen by 17.8% this quarter and gained 87.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 average consensus recommendation for the communications & networking peer group is also "hold"

Wall Street's median 12-month price target for Ubiquiti Inc is $172.00

This summary was machine generated from LSEG data November 8 at 04:18 p.m. UTC. ​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)