Unique Fabricating, Inc. (NASDAQ:UFAB) Expected to Post Quarterly Sales of $40.23 Million

Brokerages expect that Unique Fabricating, Inc. (NASDAQ:UFAB) will post $40.23 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Unique Fabricating’s earnings, with estimates ranging from $39.50 million to $40.96 million. Unique Fabricating reported sales of $45.74 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 12%. The company is expected to announce its next earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Unique Fabricating will report full-year sales of $163.46 million for the current financial year, with estimates ranging from $162.97 million to $163.94 million. For the next year, analysts forecast that the company will post sales of $168.78 million, with estimates ranging from $167.57 million to $170.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Unique Fabricating.

Unique Fabricating (NASDAQ:UFAB) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). The firm had revenue of $39.47 million for the quarter, compared to analysts’ expectations of $44.14 million.

Shares of UFAB traded down $0.12 during mid-day trading on Thursday, hitting $2.88. 9,038 shares of the company traded hands, compared to its average volume of 12,080. The business has a 50-day moving average price of $2.94. Unique Fabricating has a 1 year low of $2.63 and a 1 year high of $8.89.

About Unique Fabricating

Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.

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