Unisys (NYSE:UIS) Announces Earnings Results, Misses Estimates By $0.21 EPS

Unisys (NYSE:UIS) issued its quarterly earnings data on Tuesday. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.21), Briefing.com reports. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The company had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $486.50 million. During the same quarter last year, the business earned ($0.33) earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Unisys updated its FY 2024 guidance to EPS.

Unisys Stock Down 4.1 %

Shares of UIS opened at $6.91 on Friday. The stock has a market cap of $478.77 million, a P/E ratio of -1.22, a P/E/G ratio of 1.79 and a beta of 0.78. The business’s 50 day moving average price is $5.79 and its 200-day moving average price is $5.06. Unisys has a 52 week low of $2.60 and a 52 week high of $8.12.

Analyst Upgrades and Downgrades

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

Unisys Company Profile

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.