- Universal Display‘s fourth-quarter revenue reached $162.3 million, a 2.5% increase year-over-year, surpassing the estimated $150.1 million.
- Material sales saw a significant boost, rising 13% year-over-year to $93.3 million, above the expected $80.1 million.
- Royalty and license fees experienced a decrease, dropping 12% year-over-year to $64.4 million, slightly below the $66.1 million estimate.
- Contract research services revenue surged by 44% year-over-year, totaling $4.62 million and exceeding the forecast of $3.61 million.
- Earnings per share (EPS) fell to 96 cents, down from $1.29 year-over-year, and did not meet the estimated $1.06.
- Analyst ratings include 7 buys and 3 holds, with no sell recommendations.
Universal Display on Smartkarma
Analyst coverage of Universal Display on Smartkarma reveals an in-depth analysis by Baptista Research on the company’s recent performance. In their report titled “Universal Display Corporation (OLED): Increased Penetration in the Foldable & Flexible Display Market & Other Major Drivers,” Baptista Research highlights the third-quarter earnings of Universal Display. With revenue reaching $162 million, up from $141 million in the previous year’s quarter, the company showcased a mix of growth and challenges. Universal Display also reported a net income of $67 million, leading to earnings per diluted share of $1.40.
A look at Universal Display Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
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’s long-term outlook appears promising, with a strong emphasis on growth and resilience. With a Smart Score of 4 in both Growth and Resilience, the company is positioned well to expand and adapt to changing market conditions. The focus on developing high-resolution, full-color Organic Light Emitting Diode (OLED) technology aligns with the growing demand for advanced display solutions in various industries.
While the Value and Dividend scores are moderate at 3 and 2 respectively, Universal Display‘s momentum is rated at 2. This suggests a potential area for improvement in attracting investor interest and driving stock performance. Overall, the company’s strategic position within the United States Display Consortium underscores its commitment to innovation and industry collaboration.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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