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Universal Display (OLED)
NASDAQ:OLED
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.06Last Year’s EPS
1.29Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Universal Display Corporation reported record-breaking revenues and made significant progress in phosphorescent blue development, with strong OLED market growth projections and new capacity investments. However, restructuring costs, foreign currency losses, and uncertainty in consumer demand present challenges.Company Guidance
During the call, Universal Display Corporation provided guidance for 2025, projecting revenues in the range of $640 million to $700 million. The company expects the ratio of materials to royalty and licensing revenues to be approximately 1.4:1. Total gross margins are anticipated to remain in the range of 76% to 77%. Operating expenses are projected to grow at a low-single-digit percentage, with R&D expenses remaining flat and SG&A expenses increasing by 10% to 15%. The operating margins are expected to be between 35% and 40%, and the effective tax rate is forecasted to be around 19%. Additionally, Universal Display announced an increase in their quarterly cash dividend to $0.45 per share, reflecting confidence in future growth opportunities.Record-Breaking Revenue and Earnings
Universal Display Corporation reported record revenues of $648 million and net income of $222 million for Fiscal Year 2024, representing a 12% year-over-year growth.
Phosphorescent Blue Development Progress
The company is nearing commercialization of phosphorescent blue, expected to increase OLED display energy efficiency by up to 25%, with development timelines now measured in months rather than years.
Strong OLED Market Growth Projections
OLED smartphone displays are expected to grow from 784 million units in 2024 to 952 million units by 2029, and OLED IT displays are projected to quadruple within the same timeframe.
New OLED Capacity Investments
Significant investments in new OLED capacity include Samsung's $3 billion and BOE's $9 billion investments in new Gen 8.6 fabs, contributing to an expected 10% increase in installed OLED capacity by end-2025 over 2023.
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OLED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OLED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $147.34 | ― | ― |
| Oct 30, 2024 | $202.65 | $179.87 | -11.24% |
| Aug 01, 2024 | $211.73 | $171.52 | -18.99% |
| May 02, 2024 | $155.32 | $169.73 | +9.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Universal Display (OLED) report earnings?
Universal Display (OLED) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Universal Display (OLED) earnings time?
Universal Display (OLED) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OLED EPS forecast?
OLED EPS forecast for the fiscal quarter 2024 (Q4) is 1.06.
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