Unisys (NYSE:UIS) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Unisys (NYSE:UISGet Free Report) announced its quarterly earnings results on Tuesday. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Briefing.com reports. Unisys had a negative net margin of 18.95% and a negative return on equity of 24.50%. The company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same period last year, the company earned ($0.33) earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Unisys updated its FY 2024 guidance to EPS.

Unisys Stock Performance

UIS stock traded up $1.78 during midday trading on Wednesday, hitting $7.16. 2,470,417 shares of the company’s stock were exchanged, compared to its average volume of 581,489. Unisys has a one year low of $2.60 and a one year high of $8.12. The stock’s fifty day moving average price is $5.76 and its 200-day moving average price is $5.04. The company has a market cap of $495.68 million, a PE ratio of -1.22, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

Read Our Latest Stock Analysis on Unisys

About Unisys

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Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.

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Earnings History for Unisys (NYSE:UIS)

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