Earnings Preview: Universal Technical

Universal Technical UTI is gearing up to announce its quarterly earnings on Wednesday, 2024-11-20. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Universal Technical will report an earnings per share (EPS) of $0.24.

Universal Technical bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

Last quarter the company beat EPS by $0.02, which was followed by a 3.31% drop in the share price the next day.

Here's a look at Universal Technical's past performance and the resulting price change:

Stock Performance

Shares of Universal Technical were trading at $19.68 as of November 15. Over the last 52-week period, shares are up 67.77%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Universal Technical visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.