Ultralife Corp reports results for the quarter ended in June - Earnings Summary
Ultralife Corp ULBI.OQ reported quarterly adjusted earnings of 29 cents per share for the quarter ended in June. The lone analyst forecast for the quarter was for earnings of 4 cents per share.
Revenue rose 32.9% to $42.69 million from a year ago; analysts expected $32.00 million.
Ultralife Corp's reported EPS for the quarter was 21 cents.
The mean earnings estimate of analysts had risen by about 100% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
Ultralife Corp shares had risen by 1.9% this quarter and gained 27.7% so far this year.
The company reported quarterly net income of $3.34 million.
Wall Street's median 12-month price target for Ultralife Corp is $12.00
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
This summary was machine generated from LSEG Refinitiv data July 27 at 02:10 p.m. UTC. All figures in US dollars unless otherwise stated.
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2023 | 0.04 | 0.29 | Beat |
Mar. 31 2023 | -0.10 | -0.01 | Beat |
Sep. 30 2022 | 0.04 | -0.01 | Missed |
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