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Universal Display (OLED) Q3 Earnings: What's in the Cards?
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Universal Display Corporation (OLED - Free Report) is scheduled to report third-quarter 2018 results on Nov 1.
Notably, the company has surpassed the Zacks Consensus Estimate in the three of the trailing four quarters, recording an average positive surprise of 72%.
The company delivered second-quarter 2018 earnings of 23 cents per share, which beat the Zacks Consensus Estimate by a dime. However, the figure plunged 76.8% from the year-ago quarter.
Revenues declined 45.2% year over year to $56.1 million, but comfortably outpaced the Zacks Consensus Estimate of $48 million.
What to Expect?
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 63 cents per share, reflectinga whopping surge of 125% from the year-ago quarter.
The Zacks Consensus Estimate for revenues is projected to be approximately around $87.7 million, reflecting a rise of 42.2% year over year.
Let’s see how things are shaping up for the upcoming announcement.
Factors Likely to Influence Q3 Results
Universal Display is expected to benefit from strength in demand across end-markets, comprising smartphones, television, virtual reality (VR) devices and automotive markets. New OLED-based product launches from premium handset makers including the likes of Apple, Google, Huawei, Oppo, Samsung, and Vivo are anticipated to enhance order growth rate, in turn the company’s top line.
Particularly, OLED technology produces uniform illumination over arbitrary shapes that make OLED lighting very attractive to the automobile manufacturers. Increasing adoption of OLED likely among automotive makers like BMW, Mercedes Benz and Audi is expected to provide significant growth opportunities to Universal Display.
Moreover, company’s patent portfolio strength of 4,700 patents is a key catalyst. Additionally, collaborations with the likes of Princeton University, the University of Southern California, the University of Michigan and PPG Industries are anticipated to strengthen its patent portfolio.
However, long lead times and volatility in foreign exchange are major concerns. Stiff competition might impact profitabilty, consequently limiting margin expansion.
Universal Display Corporation Price and EPS Surprise
According to the Zacks model, a company with a solid Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Universal Display has a Zacks Rank #3 and an Earnings ESP of 0.00%, which makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some companies which, as per our model, have the right combination of elements to post an earnings beat this quarter:
Cardtronics PLC has an Earnings ESP of +3.20% and a Zacks Rank #1. The company is scheduled to report third-quarter 2018 earnings on Nov 1.
Apple (AAPL - Free Report) has an Earnings ESP of +1.45% and a Zacks Rank #2. The company is slated to report fourth-quarter fiscal 2018 earnings on Nov 1.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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Universal Display (OLED) Q3 Earnings: What's in the Cards?
Universal Display Corporation (OLED - Free Report) is scheduled to report third-quarter 2018 results on Nov 1.
Notably, the company has surpassed the Zacks Consensus Estimate in the three of the trailing four quarters, recording an average positive surprise of 72%.
The company delivered second-quarter 2018 earnings of 23 cents per share, which beat the Zacks Consensus Estimate by a dime. However, the figure plunged 76.8% from the year-ago quarter.
Revenues declined 45.2% year over year to $56.1 million, but comfortably outpaced the Zacks Consensus Estimate of $48 million.
What to Expect?
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 63 cents per share, reflectinga whopping surge of 125% from the year-ago quarter.
The Zacks Consensus Estimate for revenues is projected to be approximately around $87.7 million, reflecting a rise of 42.2% year over year.
Let’s see how things are shaping up for the upcoming announcement.
Factors Likely to Influence Q3 Results
Universal Display is expected to benefit from strength in demand across end-markets, comprising smartphones, television, virtual reality (VR) devices and automotive markets. New OLED-based product launches from premium handset makers including the likes of Apple, Google, Huawei, Oppo, Samsung, and Vivo are anticipated to enhance order growth rate, in turn the company’s top line.
Particularly, OLED technology produces uniform illumination over arbitrary shapes that make OLED lighting very attractive to the automobile manufacturers. Increasing adoption of OLED likely among automotive makers like BMW, Mercedes Benz and Audi is expected to provide significant growth opportunities to Universal Display.
Moreover, company’s patent portfolio strength of 4,700 patents is a key catalyst. Additionally, collaborations with the likes of Princeton University, the University of Southern California, the University of Michigan and PPG Industries are anticipated to strengthen its patent portfolio.
However, long lead times and volatility in foreign exchange are major concerns. Stiff competition might impact profitabilty, consequently limiting margin expansion.
Universal Display Corporation Price and EPS Surprise
Universal Display Corporation Price and EPS Surprise | Universal Display Corporation Quote
What Our Model Says
According to the Zacks model, a company with a solid Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Universal Display has a Zacks Rank #3 and an Earnings ESP of 0.00%, which makes surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some companies which, as per our model, have the right combination of elements to post an earnings beat this quarter:
ArcBest Corporation (ARCB - Free Report) has an Earnings ESP of +5.04% and a Zacks Rank #1. The company is slated to report third-quarter 2018 earnings on Nov 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cardtronics PLC has an Earnings ESP of +3.20% and a Zacks Rank #1. The company is scheduled to report third-quarter 2018 earnings on Nov 1.
Apple (AAPL - Free Report) has an Earnings ESP of +1.45% and a Zacks Rank #2. The company is slated to report fourth-quarter fiscal 2018 earnings on Nov 1.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>