Ultralife ULBI is gearing up to announce its quarterly earnings on Friday, 2024-11-08. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Ultralife will report an earnings per share (EPS) of $0.21.
The market awaits Ultralife's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Overview of Past Earnings
The company's EPS beat by $0.08 in the last quarter, leading to a 1.01% increase in the share price on the following day.
Here's a look at Ultralife's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.14 | 0.10 | 0.09 | 0.1 |
| EPS Actual | 0.22 | 0.21 | 0.18 | 0.1 |
| Price Change % | 1.0% | 6.0% | -2.0% | -3.0% |
Performance of Ultralife Shares
Shares of Ultralife were trading at $9.48 as of November 06. Over the last 52-week period, shares are up 23.32%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Ultralife visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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