Unifi Inc (UFI) said after close Wednesday that it earned $0.11 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. On the revenue line, the company reported $217.6 million, beating estimates by $4.1 million. In the same quarter a year ago, the company earned $0.37 per share on revenue of $184.4 million. The stock is down 10.40% to $13.10 after the report. Despite revenues increasing, earnings decreased, signaling a decline in profit margins. The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data. InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading. Unifi Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 24, putting Unifi Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $12.1 on June 17, 2022 and set a 52-week high on November 5, 2021 at $25.7. Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Polyester yarns include partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns, and each is available in virgin or recycled varieties. UNIFI offers specialized yarns, premium value-added (PVA) yarns, and commodity yarns, with principal geographic markets in the Americas, Europe and Asia.
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