Recap: Ubiquiti Q1 Earnings

Recap: Ubiquiti Q1 Earnings

Ubiquiti UI reported its Q1 earnings results on Friday, November 4, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Ubiquiti missed estimated earnings by 2.52%, reporting an EPS of $1.55 versus an estimate of $1.59.

Revenue was up $39.17 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.33 which was followed by a 0.88% drop in the share price the next day.

Here's a look at Ubiquiti's past performance:

 

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.21 1.78 2.29 2.29
EPS Actual 1.54 0.83 1.66 2.12
Revenue Estimate 386.97M 447.50M 467.79M 493.75M
Revenue Actual 443.14M 358.07M 431.60M 458.91M

To track all earnings releases for Ubiquiti visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings