Universal Electronics (UEIC) Q3 Earnings and Revenues Miss Estimates

Group 1: Earnings Performance - Universal Electronics reported quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.15 per share, but showing an improvement from $0.08 per share a year ago, resulting in an earnings surprise of -33.33% [1] - The company posted revenues of $102.07 million for the quarter ended September 2024, which was 0.48% below the Zacks Consensus Estimate and a decrease from $107.1 million year-over-year [2] - Over the last four quarters, Universal Electronics has surpassed consensus EPS estimates two times [2] Group 2: Stock Performance and Outlook - Universal Electronics shares have declined approximately 10.2% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The company's earnings outlook will be crucial for determining future stock movements, with current consensus EPS estimates for the coming quarter at $0.18 on revenues of $101.47 million, and for the current fiscal year at -$0.04 on revenues of $386.41 million [7] - The estimate revisions trend for Universal Electronics is mixed, currently resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Electronics - Miscellaneous Products industry, to which Universal Electronics belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]