OLED provider Universal Display (NASDAQ:OLED) will be reporting earnings tomorrow after market close. Here's what to expect.

Universal Display missed analysts' revenue expectations by 1.7% last quarter, reporting revenues of $158.3 million, down 6.3% year on year. It was a weaker quarter for the company, with full-year revenue guidance missing analysts' expectations.

Is Universal Display a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Universal Display's revenue to grow 15.3% year on year to $150.4 million, a reversal from the 13.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.08 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Universal Display has missed Wall Street's revenue estimates four times over the last two years.

Looking at Universal Display's peers in the analog semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Texas Instruments's revenues decreased 16.4% year on year, beating analysts' expectations by 1.4%, and Impinj reported a revenue decline of 10.6%, topping estimates by 4.4%. Texas Instruments traded up 5.7% following the results while Impinj was also up 28.8%.

Read our full analysis of Texas Instruments's results here and Impinj's results here.

Growth stocks have been quite volatile since the start of 2024, and while some of the analog semiconductors stocks have fared somewhat better, they have not been spared, with share prices down 2.4% on average over the last month. Universal Display is down 4% during the same time and is heading into earnings with an average analyst price target of $202.1 (compared to the current share price of $157.97).

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