Earnings Preview: Universal Display
Universal Display Corp. (NASDAQ: PANL) is set to release its quarterly earnings results on Wednesday after the closing bell. Heading into the print, Wall Street analysts' have consensus EPS estimates of $0.24. This compares to a loss of $0.03 per share in the year ago quarter. The high EPS estimate is $0.29 with a low estimate of $0.18.
Analysts expect the company to report revenues of $28.9 million compared to year-ago sales of $11.25 million. The high revenue estimates on Wall Street are $31.70 million with a low estimate of $24.80 million. The average analysts' estimate implies year over year sales growth of 157.60 percent.
Over the last 90 days, EPS estimates for Universal Display have held steady. During this time, the stock had fallen 19 percent. During Monday's trading session, PANL rose almost 7 percent, which could be a bullish indication heading into the company's key earnings report.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials. OLEDs are thin, lightweight and solid-state devices that emit light, making them suitable for use in full-color displays and as lighting products.
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