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UDC Up in Q320, Analysts Down
Analysts that follow UDC, again showed their apparent lack of understanding of the company as Q3 GAAP EPS of $0.85 beat the consensus estimate by $0.38 (74%) and revenue beat the consensus by $27.03m (30%). What is troublesome is that over the last month the stock price rose from $180 to $200. What did these analysts know and when did they know it. Could they really have be so clueless, especially when it was widely reported that Apple iPhone 12 production started in Q3 and that Samsung’s smartphone sales reached a new high and that LG’s OLED TVs would double in volume.
Table 1: UDC Selected Financial Data for Q320
Analysts that follow UDC, again showed their apparent lack of understanding of the company as Q3 GAAP EPS of $0.85 beat the consensus estimate by $0.38 (74%) and revenue beat the consensus by $27.03m (30%). What is troublesome is that over the last month the stock price rose from $180 to $200. What did these analysts know and when did they know it. Could they really have be so clueless, especially when it was widely reported that Apple iPhone 12 production started in Q3 and that Samsung’s smartphone sales reached a new high and that LG’s OLED TVs would double in volume.
Table 1: UDC Selected Financial Data for Q320
Source: Company