OLED provider Universal Display (NASDAQ: OLED) will be reporting earnings this Thursday afternoon. Here’s what to expect.
Universal Display beat analysts’ revenue expectations by 6.8% last quarter, reporting revenues of $166.3 million, flat year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Universal Display a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Universal Display’s revenue to grow 2.1% year on year to $161.9 million, slowing from the 8.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.19 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Universal Display has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Universal Display’s peers in the analog semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 16.4%, beating analysts’ expectations by 2%, and Sensata Technologies reported a revenue decline of 8.9%, topping estimates by 1.1%. Texas Instruments traded down 13.3% following the results.
Read our full analysis of Texas Instruments’s results here and Sensata Technologies’s results here.
There has been positive sentiment among investors in the analog semiconductors segment, with share prices up 4.6% on average over the last month. Universal Display is down 5.4% during the same time and is heading into earnings with an average analyst price target of $180.89 (compared to the current share price of $146.17).
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