Universal Display (OLED) Earnings: 2Q Revenue Meets Estimates at $158.5M, EPS Falls Short

Universal Display on Smartkarma

Analyst coverage of Universal Display on Smartkarma highlights positive sentiments from Baptista Research. In their report titled “Universal Display Corporation (OLED): Continued Penetration in the Smartphone Market,” the company’s strong first-quarter results and ongoing OLED momentum are emphasized. With revenue reaching $165 million, operating profit at $63 million, and net income of $57 million in 2024, Universal Display raised its annual revenue guidance range to $635 million to $675 million. This optimistic outlook reflects the company’s solid performance and growth prospects in the smartphone market.

Similarly, Baptista Research‘s analysis titled “Universal Display Corporation (OLED) – Long-term partnerships with OLED manufacturers & 5 Growth Factors In 2024 & Beyond! – Major Drivers” underscores Universal Display‘s position as a key player in OLED technology and materials. With a revenue of $576 million, operating income of $217 million, and net income of $203 million in 2023, the company has demonstrated financial strength and innovation. The report highlights critical factors influencing Universal Display‘s future growth and calls for a comprehensive investment strategy based on a thorough evaluation of industry dynamics.

A look at Universal Display Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Universal Display Corporation, a key player in the United States Display Consortium, is poised for long-term growth according to Smartkarma Smart Scores. With a strong momentum score of 5, the company shows robust upward potential in the market. Additionally, it scores high in growth and resilience, with scores of 4 in both categories, indicating a promising future. While the value and dividend scores are more moderate at 2, Universal Display‘s overall outlook remains positive for investors looking at the company’s potential for long-term success in the OLED technology sector.

Universal Display Corporation, a participant in the development of cutting-edge OLED technology through the United States Display Consortium, has been recognized for its positive long-term prospects by Smartkarma Smart Scores. Scoring high in growth, resilience, and momentum with scores of 4 and 5, the company is positioned for sustained success in the dynamic display market. Although the value and dividend scores are more conservative at 2, Universal Display‘s focus on innovative OLED technology sets a solid foundation for future growth and expansion, offering investors an attractive opportunity for long-term gains.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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