Universal Display (OLED) Q4 Earnings Report Preview: What To Look For

Kayode Omotosho /
2023/02/22 4:27 am EST
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OLED provider Universal Display (NASDAQ:OLED) will be reporting earnings tomorrow after market hours. Here's what to expect.

Last quarter Universal Display reported revenues of $160.6 million, up 11.8% year on year, beating analyst revenue expectations by 8.56%. It was a solid quarter for the company, with a significant improvement in inventory levels and an impressive beat of analyst estimates.

Is Universal Display buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Universal Display's revenue to grow 1.86% year on year to $149 million, slowing down from the 3.32% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.95 per share.

Universal Display Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Universal Display's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. NXP Semiconductors delivered top-line growth of 8.98% year on year, beating analyst estimates by 0.48% and Sensata Technologies reported revenues up 8.57% year on year, exceeding estimates by 1.67%. NXP Semiconductors traded down 2.04% on the results, Sensata Technologies was flat on the results. Read our full analysis of NXP Semiconductors's results here and Sensata Technologies's results here.

Investors in the analog semiconductors segment have had steady hands going into the earnings, with the stocks up on average 1.03% over the last month. Universal Display is down 3.74% during the same time, and is heading into the earnings with analyst price target of $145.8, compared to share price of $126.

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The author has no position in any of the stocks mentioned.