Universal Electronics (UEIC) Soars 8.5%: Is Further Upside Left in the Stock?

Company Overview - Universal Electronics (UEIC) shares increased by 8.5% to $9.29 in the last trading session, following a period of 6.5% loss over the past four weeks, indicating a significant recovery in stock performance [1] - The company is experiencing growth due to expanding customer relationships and increasing design wins in the connected home and home entertainment markets [1] Earnings Expectations - The upcoming quarterly earnings report for Universal Electronics is expected to show earnings of $0.15 per share, reflecting a year-over-year increase of 87.5% [2] - Revenue is projected to be $102.57 million, which is a decrease of 4.2% compared to the same quarter last year [2] Earnings Estimate Revisions - The consensus EPS estimate for Universal Electronics has been revised down by 123.1% over the last 30 days, which typically does not correlate with price appreciation [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [3] Industry Comparison - Universal Electronics is part of the Zacks Electronics - Miscellaneous Products industry, where another company, Hayward Holdings, Inc. (HAYW), has a Zacks Rank of 2 (Buy) and reported an unchanged EPS estimate of $0.10, representing an 11.1% increase year-over-year [4]