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What's in Store for United Microelectronics' (UMC) Q1 Earnings?
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United Microelectronics (UMC - Free Report) is slated to report first-quarter 2022 results on Apr 27.
The Zacks Consensus Estimate for first-quarter earnings currently stands at 26 cents per share, unchanged over the past 30 days. However, the figure suggests an improvement of 73.33% from the year-ago quarter.
The consensus mark for first-quarter net sales is pegged at $2.23 billion, indicating growth of 35.11% from the year-ago reported figure.
Factors to Note
United Microelectronics’ first-quarter performance is likely to have benefited from a strong demand environment related to 5G, artificial intelligence of things and automotive megatrends.
The rise of 5G infrastructures and increasing adoption of electronic vehicles might have increased the demand for silicon content. This, in turn, might have spurred the demand for UMC’s 28-nanometer product pipeline across a varied user base. This is likely to have expanded UMC’s market share in the semiconductor industry.
United Microelectronics’ ramping up of initiatives toward 22-nm wafer may get reflected in the to-be-reported quarter’s results. The rising shipment of the 22-nm wafer is likely to have contributed to the wafer revenues of United Microelectronics.
United Microelectronics Corporation Price and EPS Surprise
The company’s increasing efforts to expand its manufacturing capacities are anticipated to have helped cater to the rising wafer demand. Prospects around the P6 program might have acted as major catalysts.
Strong cost reduction and meticulous management of capex are also expected to have favored the company’s first-quarter performance.
However, demand-supply imbalance due to prevailing global supply chain constraints may have weighed on the to-be-reported quarter’s performance.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
United Microelectronics has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Image: Bigstock
What's in Store for United Microelectronics' (UMC) Q1 Earnings?
United Microelectronics (UMC - Free Report) is slated to report first-quarter 2022 results on Apr 27.
The Zacks Consensus Estimate for first-quarter earnings currently stands at 26 cents per share, unchanged over the past 30 days. However, the figure suggests an improvement of 73.33% from the year-ago quarter.
The consensus mark for first-quarter net sales is pegged at $2.23 billion, indicating growth of 35.11% from the year-ago reported figure.
Factors to Note
United Microelectronics’ first-quarter performance is likely to have benefited from a strong demand environment related to 5G, artificial intelligence of things and automotive megatrends.
The rise of 5G infrastructures and increasing adoption of electronic vehicles might have increased the demand for silicon content. This, in turn, might have spurred the demand for UMC’s 28-nanometer product pipeline across a varied user base. This is likely to have expanded UMC’s market share in the semiconductor industry.
United Microelectronics’ ramping up of initiatives toward 22-nm wafer may get reflected in the to-be-reported quarter’s results. The rising shipment of the 22-nm wafer is likely to have contributed to the wafer revenues of United Microelectronics.
United Microelectronics Corporation Price and EPS Surprise
United Microelectronics Corporation price-eps-surprise | United Microelectronics Corporation Quote
The company’s increasing efforts to expand its manufacturing capacities are anticipated to have helped cater to the rising wafer demand. Prospects around the P6 program might have acted as major catalysts.
Strong cost reduction and meticulous management of capex are also expected to have favored the company’s first-quarter performance.
However, demand-supply imbalance due to prevailing global supply chain constraints may have weighed on the to-be-reported quarter’s performance.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
United Microelectronics has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Apple (AAPL - Free Report) has an Earnings ESP of +0.54% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Apple shares have fallen 6.3% in the year-to-date period compared with the Zacks Computer and Technology sector’s decline of 17.4%.
Cisco Systems (CSCO - Free Report) has an Earnings ESP of +0.84% and a Zacks Rank of 2.
Cisco shares have fallen 16.7% in the year-to-date period, compared with the Zacks Computer and Technology sector’s decline of 17.4%.
Hewlett Packard (HPE - Free Report) has an Earnings ESP of +1.58% and a Zacks Rank of 2.
HPE shares have returned 3.5% in the year-to-date period, outperforming the Zacks Computer and Technology sector’s decline of 17.4%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.