Universal Display (OLED) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Universal Display Corp. reported revenue of $161.63 million for Q3 2024, a year-over-year increase of 14.6% and an EPS of $1.40 compared to $1.08 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $167.45 million, resulting in a surprise of -3.48%, while the EPS exceeded expectations by 16.67% against a consensus estimate of $1.20 [1] Revenue Breakdown - Material sales revenue was $83.43 million, below the average estimate of $95.97 million, reflecting a year-over-year decline of 9.8% [3] - Contract research services generated $3.61 million, compared to the average estimate of $4.08 million, marking a year-over-year increase of 35.2% [3] - Royalty and license fees amounted to $74.59 million, surpassing the average estimate of $66.64 million, with a year-over-year growth of 62.5% [3] Stock Performance - Universal Display shares have returned +5.1% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]