Ubiquiti Inc. (UI) Beats Q3 Earnings and Revenue Estimates

Company Performance - Ubiquiti Inc. reported quarterly earnings of $3 per share, exceeding the Zacks Consensus Estimate of $1.86 per share, and up from $1.28 per share a year ago, representing an earnings surprise of 61.29% [1] - The company posted revenues of $664.17 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.18%, compared to $493 million in the same quarter last year [2] - Ubiquiti has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Stock Outlook - Ubiquiti shares have increased approximately 6.4% since the beginning of the year, while the S&P 500 has declined by 3.7% [3] - The current consensus EPS estimate for the upcoming quarter is $1.94 on revenues of $594.82 million, and for the current fiscal year, it is $8.22 on revenues of $2.36 billion [7] Industry Context - The Wireless Equipment industry, to which Ubiquiti belongs, is currently ranked in the top 13% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that Ubiquiti's stock may outperform the market based on its current Zacks Rank 2 (Buy) [5][6]