Universal Display (OLED) Q1 Earnings: What's In The Offing?
Zacks Investment Research | Apr 28, 2019 11:44PM ET
Universal Display Corporation (NASDAQ:OLED) is set to report first-quarter 2019 results on May 2. Notably, the company surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters, with an average positive earnings surprise of 14.4%.
Past-Quarter Performance
The company had delivered fourth-quarter 2018 adjusted earnings of 40 cents per share surpassing the Zacks Consensus Estimate of 34 cents.
Revenues had decreased 39.6% to $70.1 million and almost came in-line with the Zacks Consensus Estimate of $70 million.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 26 cents per share, unchanged for the last 30 days. The Zacks Consensus Estimate for revenues stands at $60.85 million, suggesting an increase of 39.7% from the year-ago reported figure.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
Universal Display’s first-quarter results are expected to benefit from strength in demand across end-markets, comprising smartphones, television, virtual reality (VR) devices and automotive markets.
Notably, OLED technology produces uniform illumination over arbitrary shapes, which makes it very attractive to automobile manufacturers. This is will to lead to increasing adoption of OLED among automotive makers like BMW, Mercedes Benz and Audi, which in turn will provide growth opportunities to the company. This is likely to impact first-quarter results.
Moreover,new OLED-based product launches andincreasing capacity of OLED in TV is anticipated to enhance order growth rate, in turn aid the company’s top line in the to-be-reported quarter.
Universal Display Corporation Price and EPS Surprise
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