Universal Display (OLED) Reports Q4: Everything You Need To Know Ahead Of Earnings

OLED provider Universal Display (NASDAQ:OLED) will be reporting results tomorrow after the bell. Here’s what to look for.

Universal Display missed analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $161.6 million, up 14.6% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.

Is Universal Display a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Universal Display’s revenue to decline 5.7% year on year to $149.3 million, in line with the 6.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.07 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Universal Display’s peers in the analog semiconductors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Himax delivered year-on-year revenue growth of 4.2%, beating analysts’ expectations by 7.3%, and Texas Instruments reported a revenue decline of 1.7%, topping estimates by 3.3%. Himax traded up 19.2% following the results while Texas Instruments was down 7.5%.

Read our full analysis of Himax’s results here and Texas Instruments’s results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, have had a good 2024. An economic soft landing (so far), the start of the Fed's rate cutting campaign, and the election of Donald Trump were positives for the market, and while some of the analog semiconductors stocks have shown solid performance, the group has generally underperformed, with share prices down 2.9% on average over the last month. Universal Display is down 3.4% during the same time and is heading into earnings with an average analyst price target of $205.32 (compared to the current share price of $145.02).

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