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UIBearishEarningsnews
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Ubiquiti Inc. (UI) Lags Q3 Earnings and Revenue Estimates

May 10, 2024, 9:35 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Ubiquiti (UI) reported earnings of $1.28 per share, missing estimates by 28.49%. - Revenues of $493 million missed estimates by 0.91%, with one outperformance in four quarters. - UI shares dropped 16.4% YTD, compared to S&P 500's gain of 9.3%. - Zacks Rank for UI is #2 (Buy) with favorable estimate revisions. - Terran Orbital Corporation (LLAP) is expected to report a +45.2% year-over-year EPS change. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Ubiquiti (UI) reported earnings of $1.28 per share, missing estimates by 28.49%.
  • Revenues of $493 million missed estimates by 0.91%, with one outperformance in four quarters.
  • UI shares dropped 16.4% YTD, compared to S&P 500's gain of 9.3%.
  • Zacks Rank for UI is #2 (Buy) with favorable estimate revisions.
  • Terran Orbital Corporation (LLAP) is expected to report a +45.2% year-over-year EPS change.

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